NTPC Loses Submit Block Deal

In two blocks deals, 16.1 lakh shares of the company were traded at Rs 164-164.50 per share on NSE during early hours of Thursday.

NTPC limited has slipped further on the opening bell on Thursday. The stock opened decrease by using Rs 3.95 per share or 2.35% at Rs 164 per share on NSE. The retail portion of the NTPC’s provide on the market (OFS) retail element bought a tepid response with a subscription of 73% on Wednesday, whereas the non-retail element was oversubscribed by way of 1.4 times.

In two blocks deals, 16.1 lakh shares of the company had been traded at Rs 164-164.50 per share on NSE during early hours of Thursday. NTPC has attracted a complete traded quantity of 1,44,55,770 shares and traded worth of Rs 237.91 crore as of 0924 hours on Thursday. The inventory has lost around 5% previously three trading sessions. It used to be the top loser on the BSE energy index. BSE energy index was trading at 2,240 stage, marginally down by using 0.18%.

The federal government has raised around Rs 9,000 crore throughout the share sale within the firm. The government currently owns 69.74% stake in NTPC. Put up the OFS, the shareholding of presidency would come down to 63 .1%.

In the meantime, Nifty used to be trading marginally lower by way of 4 points at 9,879 level, while Sensex was trading at 31,612 level, down by means of 34 points. HDFC twins and Infosys had been dragging down the main indices within the early morning change on Thursday.

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