NHPC fetch rs.1680 cr through IPO by August end…
NHPC Large cap PSU stocks will soon have company. The biggest IPO to hit the market in some time will be the National Hydro Power Corporation Ltd or NHPC. As part of the UPA government’s disinvestment plan, NHPC will soon go in for an initial public offer. IPO will happen in the next three months.
Initial public offering (IPO) would hit Indian markets by the end of August, 2009. He added that the company planned an IPO for 10% for its stake and said that 5% would be divested in the first tranche. The 15% equity sale with a face value of Rs 10, he said, would help the company garner Rs 1,680 crore making it the biggest IPO of recent times.
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