 "ntpc")
The government has raised Rs 9,000 crore through a share sale in power utility NTPC. The investor demand for the offer for sale (OFS) fell short as the centre had put on block a total of Rs 13,800 crore worth of shares.
The OFS saw a total of 548 million bids against 824 million shares on offer, which includes the green-shoe portion. The retail portion of the share sale saw only 73 per cent subscription on Wednesday. Shares of NTPC closed at Rs 168, also the floor price for the OFS. Retail investors were offered an additional five per cent discount.
The
