Government raises Rs 91.36 billion from NTPC stake sale

The Indian government has raised Rs 91.36 billion by means of a share sale in NTPC Limited. The sale is a part of the government’s initiative that aims at raising Rs 725 billion through several such sales in state-run and private sector companies, to meet its fiscal deficit targets. The cut-off price per share was Rs 168, with a 5 per cent discount being offered to retail investors.