NTPC fiasco forcing govt to review rules5 min read 08 Feb 2010, 11:56 PM IST
NTPC fiasco forcing govt to review rules
Mumbai: A tepid response to the follow-on public offer (FPO) of NTPC Ltd has forced the disinvestment ministry to explore ways to revise share-sale rules for state-owned firms. The Rs8,286 crore issue received a lukewarm response from both retail and institutional investors. It was subscribed just 1.2 times, and that, with the help of two large institutional investors—Life Insurance Corp. of India (LIC) and State Bank of India (SBI).
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