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.