NTPC Green Energy Limited, a wholly-owned subsidiary of NTPC Limited, has officially received approval from the Securities and Exchange Board of India (SEBI) to launch an IPO worth ₹10,000 crores.
The upcoming IPO will feature a face value of ₹10 per equity share and will consist entirely of a fresh issue of equity shares. Additionally, the offer includes a reserved subscription for eligible employees, with a discount provided for those participating in the employee reservation portion.
The ₹ 7,500 crore proceeds from the fresh issue will be utilized for investment in its wholly owned subsidiary, NTPC Renewable Energy Limited (NREL), repayment/prepayment of NREL’s outstanding borrowings and general corporate purposes.
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NTPC Green Energy