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Institutional portion in NTPC offer-for-sale oversubscribed

Wed, Aug 30 2017, 04:54 PM

The ongoing offer for sale in the country’s largest power producer, NTPC, in which the Centre is selling 5% of its stake received a good response from institutional investors on its first day on Tuesday, being subscribed 1.4 times, according to data from the Bombay Stock Exchange. The NTPC share hovered around its share-sale floor price of Rs 168