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Government to off-load 5 per cent stake in NTPC

New Delhi: The government on Monday said that it plans to sell up to 5 per cent of its equity stake in NTPC.

According to a notice on BSE, the company will open the “Offer For Sale ” (OFS) facility for bids on Tuesday, August 29 for non-retail investors and for retail investors on August 30.

The company’s OFS proposes to off-load 41.23 crore shares. Further, the notice said that more shares can be issued in case of over subscription of the initial OFS offer.

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“The floor price for the offer shall be Rs 168 per equity share,” the notice read.

“Further, up to 5 per cent of the equity shares sold pursuant to the offer (over and above the offer shares) may be offered to eligible and willing employees of the company at a discount of up to 5 per cent of the cut-off price subsequent to completion of the offer.”

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