NTPC green energy’s $1.2 billion IPO fully sold on last day

Quick Summary:

The IPO, fully subscribed on its final day, highlights the strong investor interest in India's booming renewable energy sector, a key element of the nation's ambitious net-zero goals.

NTPC Green Energy Ltd., the renewable energy branch of Indian power giant NTPC Ltd., has successfully raised $1.2 billion in its initial public offering.

The brokerage recommended its clients to subscribe to the issue on a long-term investment basis, based on its strong brand recall, superior execution capabilities, portfolio expansions and investment in nextgen energy solutions.

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Article Details

Author / Journalist: Bloomberg

Category: EconomyBusiness

Markets: IndiaNew ZealandSingapore

Topics: Green energy investment Net zero carbon agenda Renewable energy stocks $1.2 billion IPO Business news NTPC Green Energy IPO

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-22 @ 14:15:51 (6 hours ago)

News Timezone: GMT +5:00

News Source URL: timesofindia.indiatimes.com

Language: English

Article Length: 611 words

Reading Time: 4 minutes read

Sentences: 25 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Times of India

News ID: 23756968

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