NTPC may divest 25 per cent of its green energy arm via IPO

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).