Jan 16, 2010

NTPC FPO

NTPC Follow on Public Offer is opening on 3rd February and is closing on 5th February.

41,22,73,220 shares of face value of Rs 10.is going to be offered from 5% of Govt holdings. Out of this 42,73,220 are reserved for employees.

NTPC issue is the beginning of Government’s disinvestment plan. They are planning to disinvest in almost 60 PSUs.

Other PSUs on line for divestment plans Before March 31st are NMDC, Rural Electric and Satluj Jal Vidyut.

The Current Market Price of NTPC as on 15th Jan is Rs.232.25.

Happy Investing.

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