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NTPC OFS Oversubscribed 1.8 Times by the Investors of Different Categories

News and Press Release - Dated:- 24-2-2016 - The second CPSE disinvestment of the last quarter of the fiscal year 2015-16 broke with the falling trend in the market with the NTPC OFS getting oversubscribed 1.8 times on a day when the Sensex Declined by 1.59% or 378.61 points. On offer was 5% paid-up capital of the company comprising 41, 22, 73,220 shares, each of FV of ₹ 10. Out of the shares on offer for sale, 20% are reserved for retail investors i.e. those investors who place bids for s .....

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n a more informed basis than was the case earlier. As usual retail investors will in addition be entitled to a 5% discount. The discount to retail investors shall be applicable to bids received on T+1. Unsubscribed portion of the shares reserved for retail investors shall be allocated to non retail bidders on T+1 day at a price equal to cut off price or higher as per bids. In this regard, option shall be provided to such non retail bidders to indicate their willingness to carry forward their bid .....

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