NTPC Green Energy has filed draft papers for a 100 billion rupees initial public offering, aiming to benefit from India’s renewables expansion and a strong equities market. The company will issue new shares, with no existing shareholders selling stakes. This move aligns with India’s goal to add 500 GW of clean energy by 2030.
India, Taiwan ETFs see record outflows before Asia stock rebound
US-listed ETFs tracking India and Taiwan saw record outflows in March amid currency weakness, rising yields and energy concerns. Despite this, Asian equities rebounded sharply