With a bid amounting close to 6.2 crore or 0.84 per cent valued at Rs 1,000 crore at the NTPC offer for sale, the sovereign wealth fund GIC of Singapore could become the third highest stakeholder in the power generation company if it gets allotment worth that amount. The government holds 75 per cent after the issue and LIC held 6.2 per cent as on December, 2012 and no other single holder has stakes over 1 per cent in NTPC.
The offer for sale, which saw strong participation from foreign institutional investors also had GIC as the single biggest bidder. Full story
