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NTPC Green Energy IPO: Shareholders May Get Special Allocation for Holding NTPC Shares
NTPC Green Energy, a subsidiary of NTPC Ltd., is preparing for its Initial Public Offering (IPO), which will consist entirely of a fresh issue of shares amounting to ₹10,000 crore. Notably, there will be no Offer-for-Sale (OFS) component in this IPO. The company plans to utilize the proceeds from the IPO to repay its existing debt and for general corporate purposes.
One significant detail for potential investors is that holding at least one share of NTPC Ltd. might make individuals eligible for a special allocation under the shareholder quota in the NTPC Green Energy IPO. This strategy could incentivize existing NTPC shareholders to participate in the upcoming IPO, as they could benefit from preferential allotment.
This move marks NTPC Green Energy’s efforts to raise capital while offering existing stakeholders an opportunity to participate in its growth trajectory through the IPO process.
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