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Home News News and Press Release Month 2 2013 2013 (2) This

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

8-2-2013
  • Contents

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.  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 SUMMARY 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.

Bid 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 Government of India, of the OFS are Rs. 11469.39 crore.

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DSM/RS/ka

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