# GE Power India approves acquisition of 50% stake in NTPC GE Power Services

The Board of GE Power India approved the acquisition of 50% equity shares of GE Power Systems GmbH held in NTPC GE Power Services, a 50:50 joint venture between NTPC and GE Power Systems GmbH.

- Type: Acquisition
- Announced: 2021-02-08
- Where: India
- Status: announced
- Products: Power services
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [GE Power India](https://endata.com/companies/3202.md) (acquirer)
- [NTPC GE Power Services](https://endata.com/companies/12095.md) (target)
- [GE Power Systems GmbH](https://endata.com/companies/53106.md) (target)

## Sources

- [business-standard.com](https://www.business-standard.com/article/news-cm/board-of-ge-power-india-approves-acquisition-of-50-stake-in-ntpc-ge-power-services-121020801573_1.html), 2021-02-08: "The Board of GE Power India at its meeting held on 08 February 2021 has accorded in-principle approval for the acquisition of 50% equity shares of GE Power Systems GmbH held in NTPC GE Power Services."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.