Govt stake in NTPC drops to below 63%

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 Government stake in state-owned power giant NTPC has come down to 62.99 per cent, from 63.11 per cent, after the company issued shares to its employees. “With the allotment and transfer of 94,69,848 shares to employees, the Government of India’s holding in NTPC has come down from 520,36,08,726 equity shares i.E. 63.11% of total paid-up capital to 519,41,38,878 equity shares i.E. 62.99% of total paid-up capital," the NTPC said in BSE filing on Wednesday. The offer to the eligible employees of NTPC ltd was opened from September 11-13.                  

Daily Pioneer
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