LIC's stake increase in NTPC includes its participation in this week's offer of sale by the govt
The notes are issued out of its $4 billion medium-term note programme
Bulk of the subscription in the non-retail segment came from insurance companies, mainly LIC
In past three trading sessions, the stock declined 8% from Rs 130 to Rs 120, its lowest level since September 14, 2015 on the NSE
Rs 5,000-crore share sale sees bids of over Rs 7,000 crore
NTPC stake sale is part of the government's disinvestment programme through which it aims to raise Rs 69,500 crore
Company's Rs 5,000-crore share sale offer in the power utility fully subscribed
The stock dipped 3% to Rs 122.60, extending previous day's 2% fall on the BSE.
A total of 41.22 crore shares are part of the OFS
State-run power equipment maker BHEL has emerged as the lowest bidder for the project worth $1.6 billion
NTPC estimates capex of Rs 20,000 cr on retrofitting and plant construction according to new norms