Initial public offers of state-owned electric utilities National Hydroelectric Power Corporation (NHPC) and Rural Electrification Corporation (REC) will hit the market "very soon", Power Minister Sushil Kumar Shinde today said.
"They will come very soon," Shinde said when asked when the two long-awaited IPOs will be launched.
The two public issues have been held back due to non-appointment of independent directors on the boards of the two companies.
REC and NHPC IPOs are among the public offers of four power companies that were originally approved, the other two being those of Power Finance Corp and Power Grid Corp of India, reports NW18.
Source: Moneycontrol.com
Wednesday, December 19, 2007
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