NTPC GREEN ENERGY FILED ITS DRAFT RED HERRING PROSPECTUS
News: NTPC Green Energy., a subsidiary of state-run NTPC Ltd., has filed its draft red herring prospectus for an initial public offering (IPO) aimed at raising ₹10,000 crore. This IPO will consist solely of a fresh issue, with no offer-for-sale component included.
Views: The proceeds from the IPO will be used to fund the aggresive capex lined up by the company to scale its renewable energy portoflio and take share of green energy to 45% by 2032.
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