National Thermal Power Corporation (NTPC) Limited has denied any move to float initial public offerings (IPOs) to raise fund.
Two business dailies on Sunday carried a report that country’s largest power producer was planning IPOs of 3 units to raise $2 billion. It said the exercise was part of the asset monetisation drive of the company.
Citing the report, the Stock Exchange sought the clarification of the company and asked whether such negotiations/events were taking place? NTPC categorically denied the report and said no such development was taking place. It had submitted the clarification in the Stock Exchange
The company also denied any information that has not been announced to the Exchanges which could explain the movement in the trading. It added that the material impact of the article on the company was not applicable.
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