Ariel Javellana
NTPC Green Energy, a renewable energy company, intends to use the earnings to support a subsidiary for addressing India's increasing energy demands and for settling debts.
Companies like Swiggy, LG Electronics, and Hyundai Motor are also planning to go public in India for over $1 billion, in addition to the mentioned company.
Bloomberg notes that NTPC Green Energy's placement highlights how India, the world's top market for listings, is attracting significant deals. The agency stated that larger IPOs exceeding $1 billion, following a number of smaller ones under $50 million, will provide global investors with more chances to be involved in elevating the significance of the Indian market among emerging markets.
source: bloomberg.com
Companies like Swiggy, LG Electronics, and Hyundai Motor are also planning to go public in India for over $1 billion, in addition to the mentioned company.
Bloomberg notes that NTPC Green Energy's placement highlights how India, the world's top market for listings, is attracting significant deals. The agency stated that larger IPOs exceeding $1 billion, following a number of smaller ones under $50 million, will provide global investors with more chances to be involved in elevating the significance of the Indian market among emerging markets.
source: bloomberg.com