Offer for sale of Shares by Government of India to eligible employees of NTPC Ltd

In accordance with the approval accorded by Cabinet Committee on Economic Affairs on May 13, 2015, Government of India (GOI) has offered 2,06,13,661 Equity Shares of Rs. 10/- each to the eligible employees of NTPC Ltd. at discounted price of Rs. 115.90/- per share i.e. 5% discount to the cut off price of Rs. 122.00/- discovered through the Offer For Sale of equity shares of NTPC carried out by GOI on February 23, 2016 & February 24, 2016.

In connection with the above, action has been initiated by the Company for sale of equity shares to the eligible employees by the GOI. The offer for sale of share shall remain open tentatively from June 27, 2016 to July 05, 2016.

Shares of NTPC LTD. was last trading in BSE at Rs.152.25 as compared to the previous close of Rs. 151.8. The total number of shares traded during the day was 140450 in over 1750 trades.

The stock hit an intraday high of Rs. 153.2 and intraday low of 150.3. The net turnover during the day was Rs. 21346196.

Source : Equity Bulls

Keywords