Press Information Bureau

Government of India

Cabinet Committee on Economic Affairs (CCEA)

22-November-2012 20:21 IST

The Cabinet Committee on Economic Affairs has approved disinvestment of 9.50% equity of NTPC Ltd., out of its holding of 84.50% through an offer for sale of Shares through Stock Exchanges as per SEBI Rules and Regulations.

After this disinvestment Government of India’s shareholding in the company would come down to 75%. The paid up equity capital of the company, as on 31st March, 2012 is Rs. 8245.46 crore. The President of India holds 84.50% of the paid up capital in NTPC Ltd.

NTPC is a listed Maharatna Central Public Sector Enterprise. NTPC Ltd. is a Public Sector Enterprise under the administrative control of the Ministry of Power. NTPC is primarily engaged in business of power generation through coal based and gas based sources.

***
SH/SK

Disinvestment approval: Government to sell a minority equity stake in NTPC via an offer-for-sale on stock exchanges. Approval for disinvestment of 9.50% of NTPC Limited's paid-up equity from the Government of India's 84.50% holding via an offer for sale on stock exchanges under SEBI rules, reducing the Government's holding to 75%; the sale is from existing government shares rather than new issuance.