Wednesday, Aug 25, 2004
Wednesday, Aug 25, 2004 |
| Business | ||||
|
News:
Front Page |
National |
Tamil Nadu |
Andhra Pradesh |
Karnataka |
Kerala |
New Delhi |
Other States |
International |
Opinion |
Business |
Sport |
Miscellaneous |
Advts: Classifieds | Employment | Business
NEW DELHI, AUG. 24. The initial public offering of state-owned National Thermal Power Corporation (NTPC) along with the 5 per cent disinvestment of the Corporation would hit the market on September 23, for which it would file the prospectus with the Securities and Exchange Board of India (SEBI) in a day or two. "We shall be filing the prospectus with market regulator SEBI either tomorrow or the day after. The issue will open on September 23," Chairman and Managing Director of NTPC, C. P. Jain, told PTI. The revised draft prospectus would replace the draft filed by NTPC for its IPO, which SEBI had approved. By clubbing both NTPC's IPO for 5.25 per cent equity and divestment of 5.25 per cent of the government stake the corporation would enter the market to offer shares worth face value of Rs. 865 crores which could fetch about Rs. 5,000 crores. NTPC has a paid-up capital of Rs. 7,812 crores.
Printer friendly
page
News:
Front Page |
National |
Tamil Nadu |
Andhra Pradesh |
Karnataka |
Kerala |
New Delhi |
Other States |
International |
Opinion |
Business |
Sport |
Miscellaneous |
|
|
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | Home |
Copyright © 2004, The
Hindu. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu
|
