NEW DELHI: Government-owned power sector financing company Rural Electrification Corporation (REC) on Thursday exuded confidence about good response to its proposed follow-on public offer (FPO) that opens on Friday

It said that the French auction route would give the company an opportunity to ge..

NEW DELHI: The government plans to give small investors a 5% discount when it sells shares in three state-owned companies, hoping to lure Retail No-show individual investors who have shown lukewarm interest in two previous public issues by government firms.

Retail investors in the follow-on publi..

NEW DELHI: India’s largest power generating company National thermal Power Corporation (NTPC) on Thursday said that the government may sell up
to 5% of its equity in the company before March. The move is part of the United Progressive Alliance (UPA) government’s disinvestment programme under which ..