Indian Green Energy Firm Sets Price Range for IPO

NTPC Green, a unit of state-owned NTPC, has set a price range for its initial public offering that is expected to bring in some $1.2 billion. According to a Reuters report citing a newspaper ad, the company set its price range at between 102 and 108 rupees, which is equal to a range between $1.21 and $1.28. The IPO is expected to be the third-largest since the start of the year, Reuters noted. The initial public offering of NTPC Green is part of a transition drive on the part of the Indian government after it pledged to do its bit for the global…