$12 billion valuation

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NTPC Green Energy Eyes $12 Billion Valuation in Upcoming IPO

The wait for NTPC Green Energy Ltd. (NGEL)’s IPO may soon be over, as reports suggest that the state-run NTPC’s clean energy arm could launch its highly anticipated initial public offering (IPO) as early as next week. According to a Bloomberg report citing sources familiar with the plans, NGEL is seeking a valuation close to $12 billion for the offering,…