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INDIA'S NTPC HOPES TO RAISE UP TO US$434 MLN FROM AUGUST IPO.
NEW DELHI, July 1 Asia Pulse - State-owned thermal power generator National Thermal Power Corporation (NTPC) is likely to hit the market with a maiden public offer for shares in the first week of August, targeting to raise up to Rs 20 billion (US$434 million).
NTPC is hoping to get the green signal from market regulator Securities and Exchange Board of India (SEBI) by July 15, based on the draft red herring prospectus submitted about a week ago, company sources said.
Asked about the premium expected, sources said it would be decided only after the pre-market survey and the roadshows to be carried out by the lead managers and financial advisors along with company officials.
They, however, ...
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