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NTPC’s offer-for-sale for its employees attracted applications for 85.3 per cent of the 2.06 crore shares available on offer, making it one of the highest employee participation in the OFS divestment regime.
The total money raised by the government stood at ₹203.78 crore, a statement from the Ministry of Finance said on Friday.
“The OFS for employees got an enthusiastic response from the employees with nearly 50 per cent of the employees participating in the offer… The employees’ participation in the disinvestment process gives a sense of belongingness to the company,” the statement added. The employee offer was made pursuant to the decision of the government to disinvest 5 per cent shareholding in NTPC on May 13.
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