Friday, April 4, 2008

NHPC Mulls To Float IPO In Second Quarter

National Hydroelectric Power Corp Ltd (NHPC) is mulling to float an initial public offering in the second quarter of the current financial year. NHPC, which has a paid-up capital of Rs 11,500 crore, is expected to launch a public offer of 167 crore shares , which would add 10 per cent as fresh equity besides five per cent disinvestment. The shares would be face value of Rs 10 each.

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