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Apr 19, 2018ACQUISITIONIndia

NTPC to exit joint venture with BHEL, seeks stake sale

NTPC Ltd. has decided to exit its 50:50 joint venture NTPC-BHEL Power Projects Pvt. Ltd. with Bharat Heavy Electricals Ltd. (BHEL), wanting BHEL to buy its equity stake. The JV was set up in 2007 for manufacturing power equipment.

Value

$7.50M (50.0M INR)

Status

Announced

Productspower equipment

CompaniesNTPC Limited Bharat Heavy Electricals acquirer NTPC-BHEL Power Projects Limited target

Sectors#Power Generation Equipment

“NTPC wants Bharat Heavy Electricals Ltd. to buy its equity in the joint venture.”ndtvprofit.com

1 source
ndtvprofit.comNTPC To Exit Joint Venture With BHELPTIApr 19, 2018

Summarized from public sources; check the original articles before acting on it.

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NTPC to exit joint venture with BHEL, seeks stake sale · Endata