India’s largest power producer NTPC Limited is likely to divest 25 per cent of its green energy arm through an initial public offering (IPO) in 2023, after shelving a plan to sell the stake to Malaysia’s Petronas. Petronas offered $460 million for a 20 per cent stake in NTPC Green Energy, outbidding Indian companies with an offer of Rs 27.52 per share ($0.3362).