GE Power India to acquire 50% stake in NGSL from GE Power Systems GmbH

GE Power India Limited's board approved the acquisition of a 50% stake in NTPC GE Power Services Private Limited (NGSL) from GE Power Systems GmbH for Rs 72 million. The acquisition is expected to close by April 30, 2021.

“GE Power India Limited's board has approved the acquisition of 50 per cent stake in NTPC GE Power Services Private Limited (NGSL) for Rs 72 million.”powerline.net.in

• 2 sources
• powerline.net.inGE Power to acquire 50 per cent equity stake in NGSL from GE Power Systems GmbHApr 16, 2021
• timesofindia.indiatimes.comGE Power acquires 50% equity stake in NTPC GE Power Services - Times of IndiaPTIApr 20, 2021

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