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Tuesday, November 24, 2009

Govt invites bankers to manage NTPC stake sale

The government has invited proposals from merchant bankers to manage the government's proposed 5 percent stake sale in leading utility NTPC, which could fetch about $1.9 billion at current market prices.

The proposals must be made by Dec. 3, the government said in an advertisement in the Economic Times newspaper. The invitation is also for a 10 percent stake sale in unlisted state power producer Satluj Jal Vidyut Nigam.

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