NTPC Green Energy Limited, a subsidiary of NTPC Ltd, has received SEBI’s final approval for a Rs 10,000 crore IPO. The company plans to file its red herring prospectus soon, with shareholders of NTPC as of the RHP filing date eligible for the shareholder quota.
The IPO is set to include reservations for eligible employees and offers a discount for bids within this segment. While the official IPO launch date is not yet announced, it is expected to open on November 18. The final price for the IPO will be disclosed in the upcoming days.
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Proceeds from the IPO will primarily fund investments in NTPC Renewable Energy Limited and general corporate purposes. NTPC Green Energy is recognized as a major renewable energy player in India, with a significant operational capacity and a robust pipeline of projects across multiple states.
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About the company:
NTPC Green Energy Limited, a subsidiary of NTPC Ltd, is set to launch a Rs 10,000-crore IPO. Specialising in renewable energy, it operates significant solar and wind projects across India, focusing on sustainable and utility-scale energy solutions for public and corporate sectors
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