Floor Price Rs. 145
The promoters of NTPC Limited proposes to sell 78,32,62,880 Equity Shares exclusively through stock exchanges (BSE & NSE) on 7th February 2013 via Offer for Sale segment. The offer under this segment enables promoters to dilute their holdings in listed companies in a transparent manner with a wider participation.
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Details of the Offer : .
*The Floor Price for the OFS Issue will be disclosed by the designated stock exchange (BSE) on its website on 6th February,2013 after market hours
What is Price-Priority basis (Multiple Clearing Price)?
"Multiple Clearing Prices" are the prices at which the shares are allocated to the successful bidders on the basis of price priority methodology. For ex, NTPC Offer for Sale proposes to allocate at multiple clearing price methodology. If the highest bid received by designated stock exchange is at 200 next is at 170, 150 and so on. Then the investors who has placed highest bid at 200 will first get allotment at 200 then the next investor who has bid at 170 would be allotted at 170 and so on as per price priority methodology, depending on the availability of shares. The allotment at 200 will happen even if the stock is available in the secondary market at a lesser Price (CMP) say of 180/-
Note:
How to Invest?
To participate in NTPC Ltd “Offer For Sale”, please contact your branch.
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