The government today approved sale of its five per cent stake in state-run power producer NTPC this financial year.
The Cabinet Committee on Economic Affairs (CCEA) approved five per cent disinvestment in NTPC, Commerce and Industry Minister Anand Sharma said after attending the CCEA meeting.
The government, at present, holds 89.5 per cent stake in NTPC.
At the present valuation, the government may be able to raise over Rs 8,000 crore by divesting five per cent stake in the company, which generates over 30,000 mega watt of power annually. Its market capitalisation currently stands at Rs 1,72,000 crore.
