On 19 October 2009, the CCEA has accorded its approval for partial sale of its stakes in NTPC and Satluj Jal Vidyut Nigam Ltd (SJVNL) through the book-building route in the domestic market.

The CCEA approved to sell five per cent of the Union Government's stake in NTPC and 10 per cent in SJVNL.

In the case of NTPC, the government will divest stake through a follow-on public offer, which is likely by December 2009. Post the stake dilution, the government's holding in NTPC will be 84.5 per cent from the current 89.5 per cent. Through the proposed stake sale, government is likely to raise about Rs 8,800 crore.

The CCEA also gave its nod to offload 10 per cent of the government's 75 per cent stake in SJVNL - a JV between the Union Government and the Himachal Pradesh Government (which holds the remaining 25 per cent stake).

The proceeds are expected to go into the National Investment Fund, which was set up in 2005.