Friday, November 13, 2009

NTPC stake sale to fetch government Rs 8,100 cr

A 5 percent stake sale in state-run power producer NTPC could fetch the government Rs 8,100 crore, Sunil Mitra, a senior
finance ministry official, said on Friday.

Last week, the government mandated more sales of shares by state firms and changed the rules on how it can use the proceeds, as it seeks to boost revenues and rein in a widening budget deficit.

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