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NTPC Green's $1.2b Indian IPO oversubscribed

NTPC Green's $1.2b Indian IPO oversubscribed

A signboard of NTPC is seen outside its office in Mumbai, India, July 23, 2018. REUTERS/Francis Mascarenhas/File Photo

NTPC Green Energy, the renewable energy arm of state-owned NTPC, garnered bids worth 154.06 billion rupees ($1.83 billion) on Friday for its $1.2 billion initial public offering, as investors bet on the country’s growing clean energy needs.

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