"Proposals are invited from reputed merchant bankers with experience and expertise in public offerings or OFS in capital markets to act as merchant bankers and to advise the government in the process," the Department of Disinvestment said in a public notice.
The merchant bankers are required to submit their application by December 14.
Last week the Cabinet had approved sale of 9.5 per cent stake in the country's largest power producer NTPC through the offer for sale route through stock exchanges that could fetch over Rs 12,000 crore (Rs 120 billion).
The government currently holds 84.50 per cent stake in NTPC and post disinvestment Government's holding would come down to 75 per cent.
The paid up equity capital of the company, as on March 31 is Rs 8,245.46 crore (Rs 82.45 billion).
Shares of NTPC were trading at Rs 158.55, down 0.41
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