New Delhi, July 16 (Inditop.com) State-owned power utility NHPC Ltd, formerly National Hydroelectric Power Corp, plans to hit the primary market Aug 7 to raise around Rs.1,670 crore, company chairman S.K. Garg said here Thursday.
“Our feedback is that people are anxiously awaiting it,” Garg told reporters here, adding that the company planned to divest 15 percent stake.
NHPC recently conducted a roadshow in Mumbai to attract investors and will soon be holding a similar exercise in Singapore.
The company had deferred plans to come up with an initial public offer last year to raise Rs.3,500 crore ($700 million) because of unfavourable market conditions.
It had filed the draft red herring prospectus with the market regulator Securities and Exchange Board of India Aug 6 last year.
