India: Govt to sell up to 10% stake in NTPC this week to raise $2.2b

India: Govt to sell up to 10% stake in NTPC this week to raise $2.2b

NTPC. Image from Livemint

India’s government said it will sell a 5 percent stake in top power producer NTPC Ltd through a stock market auction, with a greenshoe option to sell another 5 percent in a deal that could raise up to $2.2 billion.

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