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Sovereign Wealth Funds Briefing - Categorized | Investment

GIC of Singapore picks up NTPC shares worth Rs 1,000 cr

Posted on 08 March 2013

Sovereign wealth fund GIC of Singapore has cornered shares worth Rs 1,000 crore in the NTPC divestment, in which foreign funds bought almost 45 per cent of the shares put on sale. “Foreign institutional investors have been allocated 44.92 per cent of shares, while banks and insurance companies got an allotment of 11.05 per cent and 24.87 per cent respectively,” an official source said.
The cut-off price for the share sale has been fixed at Rs 145.55 apiece and the final realisation of the Government from NTPC disinvestment stands at Rs 11,496.39 crore………………………………………..Full Article: Source


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