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NTPC concludes acquisition of govt's stake in THDC, NEEPCO at Rs 11,500 cr

The company informed the exchanges that it signed share purchase agreement on Wednesday to buy the government's entire 74.49 per cent stake of THDC for an aggregate consideration of Rs 7,500 crore

BS Reporter

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NTPC bought the entire stake of govt in both hydropower generating firms

1 min read Last Updated : Mar 27 2020 | 12:48 AM IST

Power generating firm NTPC concluded the acquisition of Centre’s entire stake in two hydropower generating firms, THDC India and North Eastern Electric Power Corporation (NEEPCO), at Rs 11,500 crore.

The company informed the exchanges that it signed share purchase agreement on Wednesday to buy the government’s entire 74.49 per cent stake of THDC for an aggregate consideration of Rs 7,500 crore.