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Posted on Nov 23, 10:19AM | IBNS
The Cabinet Committee on Economic Affairs (CCEA) Thursday approved disinvestment of 9.50 percent equity of National Thermal Power Corporation (NTPC) Ltd out of its holding of 84.50 percent through sale of shares under stock exchanges as per SEBI Rules and Regulations.
After this disinvestment government of India's shareholding in the company would come down to 75 percent, noted CCEA.
"The paid up equity capital of the company, as of Mar 31, 2012 is Rs. 8245.46 crore. The President of India holds 84.50 percent of the paid up capital in NTPC Ltd."
NTPC is a Public Sector Enterprise under the administrative control of the Ministry of Power and a listed Maharatna Central Public Sector Enterprise, primarily engaged in the business of power generation through coal based and gas based sources.