NTPC: Govt to sell 2 cr shares to staff
The government will sell 2.06 crore shares in NTPC to eligible employees at a price of .90, a 5 per cent discount to the price of at which the government sold 5 per cent stake in the power generator in February. The offer-for-sale, if fully subscribed, will help the government to raise around crore. The offer will remain open from June 27 to July 5, the company said in a filing to the BSE on Wednesday. The offer price is a 23 per cent discount from Wednesday’s closing price of .25.Meanwhile, NTPC said in a separate filing that Seethapathy Chander will join the company’s board as independent director. He is currently Senior Advisor to the President of Asian Infrastructure Investment Bank and is an Indepe.....