Shares of NTPC their hit 52-week high today amid reports that ArcelorMittal, Brookfield and Canada Pension Plan Investment Board emerged among over dozen entities that expressed interest to purchase stake in the firm’s green energy arm — NTPC Green Energy (NGEL). Sentiment was also upbeat around the stock on the state run electricity generator’s plan to raise Rs 12,000 crore. The shareholders of the firm have given nod to raise funds through issuing of non-convertible debentures on a private placement basis for capital expenditure, working capital and general corporate purposes.
Buoyed by the development, NTPC stock gained 3.58 per cent to Rs 166.35, a fresh high, against the previous close of Rs 160.60 on BSE. The stock was the top gainer on Sensex and Nifty today. On NSE, the stock gained 3.54 per cent to Rs 166.40 against the previous close of Rs 160.70.
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