Officials from the department of disinvestment (DoD), power ministry and NTPC are...
doing roadshows simultaneously in Singapore, Hong Kong, London and in the United States between October 5-10.
In the US, roadshows are being held in San Francisco, Boston and New York, agency reports quoting sources said.
Government has already got Cabinet approval for 5 per cent stake sale in NTPC.
NTPC and Bharat Electronics Ltd form part of the Basket Two of PSUs, which the DoD had created earlier this year.
Calculating from the current stock price, 5 per cent stake sale in NTPC is likely to mop up about Rs 5,200 crore, while in case of BEL stake sale 5 per cent may garner Rs 1,400 crore.
The roadshows are being organized to gauge the sentiments of global investors.
The government has so far garnered only Rs 12,600 crore through stake sale in four PSUs — IOC, PFC, REC and Dredging Corporation.
It had budgeted to raise Rs 69,500 crore through disinvestment in current fiscal, of which Rs 28,500 crore is to come from strategic stake sales.
Earlier, the NDA government had in August appointed Deutsche Bank, ICICI Securities, SBI Capital Markets and Edelweiss Financial Services as merchant bankers for Basket Two — which apart from NTPC and BEL, also has Engineers India, NALCO and Hindustan Copper.
DoD had decided to bundle the PSUs in order to reduce the number of roadshows to be conducted by the merchant bankers as that can be clubbed for companies in similar sector.