NTPC prepares for IPOs of two of its subsidiaries

The NTPC Limited has started the preparations and groundwork for the initial public offering (IPO) of shares of its units NTPC Vidyut Vyapar Nigam Limited (NVVN) and NTPC Renewable Energy Limited (NTPC REL).

NVVN and NTPC REL are to be among the first renewable energy (RE) firms to be listed on the domestic stock market. The quantum of the IPOs and their timing have not been decided yet. Currently, the merchant bankers are making preliminary presentations.

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