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Dynamite News
Dynamite News
National
DN Bureau

NTPC Green Energy files for $1.2 bln IPO

NTPC IPO India
Gurdeep Singh, CMD, NTPC

Bengaluru: India's NTPC Green Energy filed draft papers for a 100 billion rupees ($1.19 billion) initial public offering on Wednesday, as it looks to cash in on the country's renewables ramp-up plans and a red-hot equities market.

The company, a unit of power producer NTPC (NTPC.NS), opens new tab, will only issue new shares, and existing shareholders will not sell any stake, the draft papers showed.

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