 "IPO")
NTPC Green Energy has nudged market regulator Securities and Exchange Board of India (Sebi) to expedite the approval of its Rs 10,000-crore initial public offering (IPO), said people in the know.
The wholly-owned subsidiary of the country’s largest power generating company NTPC had filed its draft red herring prospectus (DRHP) with Sebi last week.
Typically, the regulator takes between 2 and 4 months to vet and give its final observations on a DRHP. As a result, the timeline between initial filing and IPO launch stretches to over six months in most cases.
However, eyeing a late-October to early-November IPO launch,
