NTPC Green prepares for Rs 10,000 crore IPO

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NTPC Green prepares for Rs 10,000 crore IPO

(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.

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