NTPC Stake Sale To Fetch Government 12,000 Crore

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"The EGoM (Empowered Group of Ministers) has approved 9.5 percent stake sale in NTPC," Mathur told reporters.

The floor, or minimum, share price for the NTPC (National Thermal Power Corporation) sale via the offer for sale (OFS) route will be notified Wednesday, he added.

Asked about the expectations from the sale, Mathur said, "It would be as planned around 12,000 crore".

The government plans to sell over 78.32 crore shares or 9.5 percent stake. It currently holds 84.50 percent stake in NTPC.

The government last month appointed merchant bankers, including Citigroup, SBI Capital Market and Morgan Stanley, for managing the NTPC disinvestment.

NTPC shares closed at 155.60, up 0.16 percent from its previous 155.35 on the BSE. At current market prices, the stake sale could fetch over 12,100 crore.

The government has recently completed 10 percent stake sale of Oil India (OIL), raising over 3,141 crore. It has raised over 10,000 crore though stakes sales in public undertakings so far in this fiscal year.