Reportedly, NTPC Green Energy Limited (NGEL) has finalised four investment banks to oversee its Rs 100 billion initial public offering (IPO).
IDBI Capital Markets and Securities, HDFC Bank, IIFL Securities, and Nuvama Wealth Management were shortlisted following evaluations of financial and technical bids. The proceeds from the IPO are earmarked for financing NTPC’s subsidiary’s ongoing and future projects in solar energy, green hydrogen, and green ammonia.