What is NTPC FPO Price Band?

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NTPC FPO Price Band

NTPC (National Thermal Power Corporation) is the biggest power generating company in the country with a country wide presence. The benchmark price for the suggested FPO (follow on price) for NTPC has been fixed at Rs 201 a share through the govt. of India. This NTPC FPO price band is a five percent discount on the shutting price of Rs 211.25 on the Bombay Stock Exchange on Monday.

The Union govt. contains 89.5% stake in NTPC and has exposed projects to release 41.22 crore shares or five percent of the shares by its suggested FPO. Depending on the answer to this FPO, the govt. can make a minimal of Rs 8,286 crore by this divestment first step.

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One Response to “What is NTPC FPO Price Band?”

  1. 1
    mahendra Says:
    April 11th, 2010 at 6:34 pm

    i am an electrical engineering prefinal year student , i want to know the reference books for the entrance exam of ntpc & bhel .please help me , suggest me the best books.

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