Shares of NTPC Ltd gained 1.37% to ₹409.45 on the NSE at 9:16 AM on October 29, 2024, following news that the Securities and Exchange Board of India (SEBI) has approved the initial public offering (IPO) of its subsidiary, NTPC Green Energy.
The approval marks a significant milestone in NTPC’s strategy to expand its renewable energy footprint. NTPC Green Energy focuses on clean energy initiatives and renewable power generation, aligning with India’s broader push towards sustainable energy sources. The IPO is expected to enhance NTPC’s financial flexibility by unlocking value in its green energy segment, allowing for further investments in renewable projects.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. Investors should perform due diligence before making investment decisions.
