RBSA Advisors, Deloitte transaction advisors in NEEPCO, THDCIL stake sale

The government plans to complete the two sale deals before March 2020 in order to meet its Rs 1,05,000-crore disinvestment target

The Union government has appointed RBSA Advisors as the transaction advisor for divestment of government’s 100 per cent equity stake in North Eastern Electric Power Corporation Limited (NEEPCO) to NTPC Limited. In another contract, Deloitte has been appointed transaction advisor for Tehri Hydro Development Corporation India Limited (THDCIL).

According to persons close to the development, the advisors were finalised late Wednesday. NTPC would take management control of both the companies. The two transaction advisors would be floating information memorandum on the companies. It would be sent to NTPC after which it would do valuation of the two companies, said one