NTPC Follow On Public Offer
There are rumours floating around in the stock market that NTPC is planning to come out with a Follow-on Public Issue (FPO) in the near future. The issue size of the FPO is said to be around Rs. 6000 crores. Following these rumours hitting the stock markets the share prices of NTPC, which is a low beta stock, today zoomed by about 8%. Government of India which is the largest shareholder of NTPC would be diluting about 5% of its stake through the FPO.
