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NTPC LTD. - Offer and allotment of equity shares to eligible employees of NTPC Ltd. as per CCEA approval - Employees Offer for sale
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27 May 2014
NTPC Ltd has informed BSE that, in accordance with the approval given by Cabinet Committee on Economic Affairs on November 22, 2012, Government of India offers upto 3,67,86,240 equity shares of face value of Rs. 10/- to the eligible employees of NTPC Ltd. at a discounted price of Rs. 138.27 per equity share (5% discount to the cut-off price of Rs. 145.55 discovered in the offer for Sale of equity shares of NTPC Ltd. carried out by Government of India on February 07, 2013). The Department Of Disinvestment, Ministry of Finance, Government of India vide their letter No. 4(18)/2012-DOD Vol. II dated April 09, 2014 has advised NTPC to complete the formalities for issue of shares to the eligible employees latest by May 31, 2014.&lt;br/&gt;&lt;br/&gt;In connection with the above, action has been taken by NTPC for sale of equity shares to the eligible employees of NTPC Ltd. by the Government of India. The offer shall remain open from May 28, 2014 to May 30, 2014 (both days inclusive).
View all announcements for NTPC LTD. Source: BSE India