Indian government to raise $2.14 billion from NTPC

The offer is 1.7 times subscribed with the lowest accepted bid coming at a 4.1% discount to the previous close. Meanwhile, the Indian government confirms it raised $590 million from the Oil India sale last week.

<div style="text-align: left;"> NTPC's 660MW super thermal power plant in Chhattisgarh </div>

Anette Jönsson

February 08, 2013

The Indian government will raise at least Rs114 billion ($2.14 billion) from its sale of a 9.5% stake in power producer NTPC after its auction-style sell-down was 1.7 times subscribed — a big number for a deal this size.

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