(20 second reading) NTPC Green Energy has shortlisted four investment banks to manage its Rs 10,000 crore initial public offering, which would be the biggest by a state-owned entity since the share sale by LIC of India .
IDBI Capital Markets and Securities, HDFC Bank, IIFL Securities and Nuvama Wealth Management have been shortlisted after financial and technical bids. NTPC earlier planned to sell a 20 percent stake in NTPC Green to a strategic investor.
NTPC Green is working on a pipeline of just under 25-26 GW.