Fri Sep 20 14:53:56 UTC 2024: ## NTPC Green Energy to Raise ₹10,000 Crore through IPO, Offers Shareholder Quota

**Mumbai, India** – NTPC Green Energy Ltd (NGEL), the subsidiary responsible for NTPC Ltd’s green initiatives, has filed its draft prospectus with SEBI for an initial public offering (IPO) aiming to raise ₹10,000 crore. While the IPO’s opening date and price band remain undisclosed, NGEL has confirmed a shareholder quota, offering existing NTPC shareholders a chance to participate in the issue.

Investors who held at least one NTPC share at the time of the red herring prospectus filing will be eligible for this quota. Importantly, shareholders participating in the quota can also apply for shares in the retail or non-institutional portions, without being considered multiple bids.

NTPC’s stock has demonstrated strong performance in recent months, gaining 5% in the past month and 36% year-to-date in 2024.

NGEL’s IPO will consist entirely of fresh equity share issuance, with no offer-for-sale component. The ₹7,500 crore raised will be primarily used to repay or prepay outstanding loans of NTPC Renewable Energy Ltd (NREL), a subsidiary of NGEL. The remaining funds will be allocated for general corporate purposes.

This IPO represents a significant step forward for NTPC’s green energy ambitions, with the funds expected to bolster NREL’s operations and drive further expansion in the renewable energy sector.

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