MUMBAI Feb 6 The floor price for state-run
power utility NTPC Ltd's share sale, scheduled for
Thursday, has been set at 145 rupees, or a 4.5 percent discount
to its Wednesday's close, said the company, valuing the sale at
about $2.14 billion.
The government expects to raise $2.25 billion from the
offer, the disinvestment secretary has said.
The Indian government will sell a 783.26 million shares or
9.5 percent stake in NTPC through the single-day auction, as
part of its drive to raise 270 billion rupees ($5.1 billion) by
selling shares in some state enterprises in the 2012/13 fiscal
Ahead of the share sale, NTPC shares closed at 151.80 rupees
on Wednesday, down 2.4 percent in a weak Mumbai market.
($1 = 53.13 rupees)
(Reporting by Prashant Mehra; Editing by Anand Basu)