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Bloomberg Quint

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Image Credit: Bloomberg Quint

NTPC Green Energy Shares Tumble With Anchor Sell-Off After First Lock-In Expiry

  • NTPC Green Energy shares tumbled after anchor investors sold off their stake following the first lock-in period expiry.
  • NTPC Green allotted 4.35% of equity to anchor investors, with half of them coming out of the lock-in period.
  • The renewable energy arm of NTPC Ltd. raised Rs 3,960 crore from 107 anchor investors a day before its IPO opened for bidding.
  • NTPC Green plans to utilize 75% of the IPO proceeds for debt repayment.

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