IPO to unlock value for NTPC shareholders: Gurdeep Singh

NTPC is the first central public sector enterprise (CPSE) to list its subsidiary, NTPC Green Energy, on the stock exchanges, says Gurdeep Singh, chairman and managing director of the company. “Given the growth opportunity in renewable space, the potential and the capex requirement is so heavy that we can give the chance to the investors to come in and be part of this journey,” he says.

Singh says that the IPO will unlock value for new investors as well as shareholders of parent company, NTPC, which currently owns 100% stake in the company. “The equity holding of NTPC post IPO will be approximately 89%, so there is going to be appreciation in the NTPC valuation also. It is not only the new investors who are going to reap the benefit, but the existing shareholders of NTPC will also benefit, because at the end, the majority of the shareholding is owned by NTPC.”