Government of India has divested 9.5 per cent stake of National Thermal Power Corporation (NTPC) through Offer for Sale (OFS) mechanism. After the completion of OFS on February 11, governmentÂ’s equity holding in NTPC has now come down from 84.50 per cent to 75.00 per cent, said the Union Minister of State for Power Jyotiraditya M. Scindia in a written reply in the Rajya Sabha recently.
The disinvestment is in line with the present disinvestment policy which envisages further offerings by listed Central Public Sector Enterprises (CPSEs) taking into consideration their capital investment requirement. The aim of disinvestment if to provide greater opportunity for the public to participate in the prosperity of the Company as well as help enforce greater public accountability of the Company.
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