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NTPC IPO to open on Sep 23
August 24, 2004 14:29 IST
The initial public offering of state-owned National Thermal Power Corporation would hit the market on September 23, for which it would file the prospectus with Securities and Exchange Board of India in a day or two. "We shall be filing the prospectus with market regulator SEBI either tomorrow or the day after. The issue will open on September 23," chairman and managing director of NTPC, C P Jain, told PTI. The corporation estimates raising upto Rs 5,000 crore (Rs 50 billion) by selling about 86 crore (Rs 860 million) shares each of Rs 10 face value.
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