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NHPC eyes PTC buy sans financing subsidiary
January 10, 2025
|Hindustan Times Jammu
The co's revenue grew 5.6% to ₹63,973 cr as against ₹60,583 cr a year earlier
NEW DELHI: India's largest hydropower generator NHPC Ltd is keen on buying out its public sector co-promoters in power trading firm PTC India Ltd, three people aware of the plan said.
Currently, NHPC, NTPC Ltd, Power Grid Corp. of India Ltd and Power Finance Corp. Ltd hold about 4.05% each in PTC India, totalling 16.2%. The four PSUs had appointed ICICI Securities as merchant banker in 2022 for the transaction, after the power ministry approved their exit plan. "The companies have been eyeing an exit for some time now and are expecting to carry out the stake sale by the end of this financial year," one of the two people mentioned above said on the condition of anonymity.
Queries emailed to NHPC, NTPC, PowerGrid and PFC remained unanswered.
هذه القصة من طبعة January 10, 2025 من Hindustan Times Jammu.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من Hindustan Times Jammu
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