Ntpc Float Price Seen At Rs 20

The National Thermal Power Corporation (NTPC) is likely to price its shares at a premium of Rs 20 per share for its proposed initial public offer (IPO), slated to hit the market in November this year.

The company is hoping to raise up to Rs 1,500 crore through the public issue and would be approaching the Cabinet with a proposal to enhance its current equity base of Rs 8,000 crore, a company official said.