NTPC sale powers up India divestment ambitions

India kicks off one of the largest ever government divestment deals with a $2.2 billion sale of shares in the country’s largest power producer.

NTPC sale powers up India divestment ambitions

The Indian government took a big step towards fulfilling its ambitious divestment target for the current financial year on Tuesday when it launched a 10% offer-for-sale OFS in National Thermal Power Corporation NTPC.

The divestment, which could raise Rp138.5 billion $2.2 billion follows a similar offering last year, when the government raised $730 million after selling a 5% stake at Rp122 per share and reduced its holding to 70%. This...

To continue reading, please login or register for free

Click for more on: ntpc | india | block | energy | citi | jefferies | axis capital | yes securities

Print Edition

FinanceAsia Print Edition

CONFERENCES