HDFC Bank’s M-cap touches Rs 14 trillion for first-time ever
The market capitalization (market cap) of HDFC Bank topped the Rs 14 trillion mark for the first-time ever on Thursday.
The government on Monday said that it plans to sell up to 5 per cent of its equity stake in NTPC.
According to a notice on BSE, the company will open the “Offer For Sale ” (OFS) facility for bids on Tuesday, August 29 for non-retail investors and for retail investors on August 30.
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The company’s OFS proposes to off-load 41.23 crore shares. Further, the notice said that more shares can be issued in case of over subscription of the initial OFS offer.
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“The floor price for the offer shall be Rs 168 per equity share,” the notice read.
“Further, up to 5 per cent of the equity shares sold pursuant to the offer (over and above the offer shares) may be offered to eligible and willing employees of the company at a discount of up to 5 per cent of the cut-off price subsequent to completion of the offer.”
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