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| NHPC IPO to be delayedState-run NHPC Ltd’s Initial Public Offer (IPO) to raise up to Rs1,590 crore may be delayed till October, as the company is still searching for its sixth non-official director
By: Birlaa.com http://birlaa.com/ National Hydroelectric Power Corporation (NHPC) is the country’s largest hydro-power company and has plans to raise nearly Rs 1700 crore from its initial public offering (IPO). NHPC had filed the draft red herring prospectus with the market regulator SEBI in April http://birlaa.com/ State-owned National Hydro-Electric Power Corporation (NHPC) is planning to come out with an initial public offering (IPO) in the January to March period next year. The government will dilute 24% stake and issue more than 550 million shares. http://birlaa.com/ End
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