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NTPC to acquire stakes in NEEPCO and THDC India · Endata

◂ Announcements

Jan 28, 2020ACQUISITIONIndia

NTPC to acquire stakes in NEEPCO and THDC India

NTPC's board approved the acquisition of a 100% stake in NEEPCO and a 74.5% stake in THDC India from the Indian government. The deals are valued at an estimated INR15bn ($210m).

Value

$210.0M

Status

Announced

Productselectric power

CompaniesNTPC Limited acquirer THDC India Ltd target NEEPCO target

Sectors#Power Generation Equipment

“NTPC said that its board has approved in-principal the company's acquisition of a 100% stake in North Eastern Electric Power Corporation (NEEPCO) and a 74.5% stake in THDC India held by the Indian government.”nsenergybusiness.com

1 source
nsenergybusiness.comNTPC set to acquire Indian govt’s stakes in NEEPCO and THDC IndiaBV SwagathJan 28, 2020

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

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