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NTPC may file DRHP on Monday for its public offer

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Press Trust of India New Delhi

Country's largest power producer National Thermal Power Corporation (NTPC) is likely to file a Draft Prospectus with market regulator Sebi on Monday for its follow-on public offer, which is expected to open early next month.

Two other state-owned power firms, Rural Electrification Corporation (REC) and Satluj Jal Vitran Nigam, are also expected to follow NTPC within this fiscal, Finance Ministry sources said.

Public offer from mineral giant NMDC is also on the cards before the end of this fiscal.

"The Draft Red Herring Prospectus from NTPC is likely to be filed on Monday and expected to be cleared through fast track route for speedy clearance so it could hit market by first week of February," an official said.

These four firms may raise close to Rs 30,000 crore from the market.

 

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First Published: Jan 09 2010 | 2:50 PM IST

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