NTPC Green Energy gets SEBI's nod for Rs 10,000 crore IPO

29 Oct 2024 Evaluate

NTPC Green Energy has received the Securities and Exchange Board of India’s (SEBI's) approval to raise Rs 10,000 crore through an initial public offering (IPO).  

The company plans to use Rs 7,500 crore from the proceeds to repay or prepay part or all of the outstanding loans of its subsidiary, NTPC Renewable Energy (NREL). The remaining funds will go toward general corporate purposes. IDBI Capital Markets & Securities, HDFC Bank, IIFL Securities, and Nuvama Wealth Management are the book running lead managers to the issue.

A 'Maharatna' central public sector enterprise, NTPC Green Energy holds a renewable energy portfolio that includes solar and wind power assets spread across more than six states.


NTPC Green Energy Share Price

106.00 1.35 (1.29%)
20-Feb-2025 16:59 View Price Chart
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