India's NTPC Green Energy filed draft papers for a 100 billion rupees ($1.19 billion) initial public offering on Wednesday, as it looks to cash in on the country's renewables expansion plans and a red-hot equities market.

NTPC Green Energy, the renewable energy arm of India’s National Thermal Power Corporation (NTPC), has filed for an initial public offering (IPO) with the Securities and Exchange Board of India to raise $1.19bn. The IPO will consist solely of fresh equity shares, with no offer-for-sale aspect.

Indian food-delivery platform Swiggy Ltd. is considering filing publicly for its domestic initial public offering as soon as this week, people familiar with the matter said, adding to a strong pipeline of share sales in the country.

NTPC Green Energy Files For IPO Aims Fresh Issue Worth Upto ₹10,000 Crore | Fund Allocation? |ET Now#ntpc #ntpcgreen #ntpcgreenenergy #ipo #ipolisting #etnow #businessnews #topnews

NTPC Green Energy, the renewable energy arm of NTPC, on Wednesday filed preliminary papers with capital markets regulator Sebi to raise Rs 10,000 crore through an initial public offering ( IPO ). The initial share-sale is entirely a fresh issuance of equity shares with no offer-for-sale (OFS) component,