NHPC would be listed on the stock exchanges on September 1, 2009 on Bombay Stock Exchange. "From September 1, the equity shares of NHPC Ltd shall be listed and admitted to dealing in the exchange," the Bombay Stock Exchange (BSE) said in a statement today.
The company raised Rs 6,000 crore through its initial public offer (IPO) that closed on August 12. It had come out with 167.73 crore shares in the primary market in the price band of Rs 30-36.
Over one-third stake is being held by the government in NHPC, which is the sole promoter of the company.
The IPO proceeds would be used to part fund the company's ongoing investments in 11 projects. It also has plans to add 14,000 MW of power by 2020 for which it has either completed survey of projects or was in the process of surveying several others.
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