State run power producer, NHPC`s board of directors has called one meeting to approve its IPO (Initial Public Offering) for raising Rs 16.70 billion, together with 5% disinvestment of government stake.
NHPC is expecting to file its revised draft red herring prospectus (RRHP) with SEBI, market regulator, by the end of this month, and the IPO should be hitting the market by September or early October this year depending upon the market conditions.
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