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AI Drafter

Generate professional replies to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter.

Step 1 – Issue Identification & Review

The AI analyses your query, notice, order, or uploaded documents and identifies the key issues involved.

• Review the issues identified by the AI
• Add, edit, remove, or refine issues as required


Step 2 – Draft Generation

Once you approve the issues, the AI performs issue-wise legal research and prepares a structured draft response.

• Relevant statutory provisions
• Judicial precedents and Supreme Court, High Court and other citations
• Issue-wise legal analysis
• Practical arguments and supporting content
• Professionally structured draft ready for further review.

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Gross Proceeds Worth Rs. 11469.39 Crore Received by the Government through Disinvestment of 9.50% of Paid up Equity Capital in NTPC Limited through Offer for Sale (OFS) Mechanism

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....ross Proceeds Worth Rs. 11469.39 Crore Received by the Government through Disinvestment of 9.50% of Paid up Equity Capital in NTPC Limited through Offer for Sale (OFS) Mechanism <br>News and Press Release<br>Dated:- 8-2-2013<br><BR>Press Information Bureau Government of India Ministry of Finance 08-February-2013 17:35 IST The Offer for sale (OFS) transaction in NTPC Ltd. was held on 07.02.2013....

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..... A total number of 783,262,880 shares were sold at the cut off price of Rs. 145.55 against the Floor Price of Rs. 145 per share fixed by the Empowered Group of Ministers (EGoM) held on 05.02.2013. The realization has been at an average price of Rs. 146.43 per share. The Issue has been subscribed 1.70 times and the overall response at BSE and NSE and allocation thereon are under: NTPC LTD OFS SUM....

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....MARY AT BSE + NSE LTD Exchange No. of shares % subscription Allocated Qty Allocation % BSE 486,044,227 36.59 323,729,204 4.33 NSE 842,411,392 63.41 459,533,676 58.67 Total 1,328,455,619 100.00 783,262,880 100.00 The category wise investors' participation in the OS at BSE & NSE and allocation is as under: TOTAL BSE+NSE BID QTY AFTER ALLOCATION Category Bid Count Bid Qty. B....

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....id Amt (Rs. Crs) Amt in % Banks 50 86,699,044 1266.95 11.05 Client 5916 62,376,395 913.48 7.96 FIIs 187 351,930,444 5152.55 44.92 Insurance 170 194,497,816 2852.84 24.87 Mutual funds 125 65,471,410 957.94 8.35 Other Fin. Inst. 18 6,709,539 98.16 0.86 Proprietory 376 15,578,232 227.47 1.98 Total 6842 783,262,880 11469.39 100.00 The gross proceeds to the Gov....

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....ernment of India, of the OFS are Rs. 11469.39 crore. **** DSM/RS/ka<BR> News - Press release - PIB....