Tuesday, October 21, 2008

NHPC IPO Will Enter The Market When The Benchmark - Oct 21, 2008

NHPC, earlier which had deferred its IPO due to the turmoil in the market, will try its luck once again when the benchmark BSE index will touch 14,000 mark. According to the earlier plan, it was expected to rise up to Rs 5,500 crore with face value of Rs 1,670 crore. NHPC Board had approved the IPO along with 5 per cent disinvestment of government stake in the first week of August. According to a top official of the power ministry, "NHPC will hit the market as and when it touches 14,000-mark.

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