NTPC offers cheap loans to staff for FPO

Worried about the tepid response from small investors and high net worth individuals (HNIs) to its share offer, NTPC has taken some rearguard action to make the issue sale able to at least its own employees. It is offering cheap loans to induce its staff to buy.

At the end of Thursday, the second of the three days when the issue is open, bids for 4.7 million shares were received from non-institutional investors, out of their quota of 62 million shares. Bids from retail investors were for 476,000 shares, out of their reserved quota of about 1.43 million shares.

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