* NTPC Share Sale Oversubscribed

WSJ: “The Indian government sold 9.5% of power producer NTPC Ltd. on Thursday, which will raise around 114 billion rupees ($2.1 billion) as it seeks to plug its fiscal deficit by selling stakes in state companies.

The NTPC sale followed the successful auction Friday of a 10% stake in oil producer Oil India Ltd. The government raised more than 31 billion rupees in that sale, which attracted strong demand from foreign investors.”

via NTPC Share Sale Oversubscribed – WSJ.com.

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