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NHPC IPO may be delayed till October

NEW DELHI: Uncertain and choppy market conditions coupled with political uncertainty is likely to delay the much awaited initial public offer (IPO) of National Hydro Power Corporation (NHPC) to raise up to Rs. 1,590 crore. Informed sources said that although NHPC and the Ministry of Power had targeted a date of August this year to unleash the IPO but things were unlikely to work according to the plan. The issue could stand delayed till October citing bad market conditions and delay in taking decision on the appointment of sixth non-official director. — Special Correspondent

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