NTPC Green Energy IPO: GMP intact ahead of opening; top details from RHP

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NTPC Green Energy IPO: GMP intact ahead of opening; top details from RHP - Business Standard

Quick Summary:

The company intends to use the net proceeds towards funding investments in its wholly owned subsidiary, NTPC Renewable Energy (NREL), for the repayment/prepayment, in full or in part, of certain outstanding borrowings by NREL.

NTPC Green Energy is a wholly owned subsidiary of NTPC, a ‘Maharatna’ central public sector enterprise.

Kfin Technologies is the registrar for the NTPC Green Energy IPO, while the book-running lead managers include IDBI Capital Market Services, HDFC Bank, IIFL Securities, and Nuvama Wealth Management.