Govt to sell off 5% stake in NTPC

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The government may raise  Rs. 7,000 crore from a 5 percent stake sale in NTPC. In a statement to the exchanges, NTPC said that the government as the promoter of the company proposes to sell up to 41,22,73,220 (5 percent) equity shares on August 29.
An official statement said that the floor price will be Rs. 168 a share. At this price, the total amount will be Rs. 6926.19 crore from the stake sale.
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