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NTPC executes SPA to acquire 74.496% of equity shares of THDC India from President of India

Capital Market 

NTPC has executed a Share Purchase Agreement with the President of India for acquisition of legal and beneficial ownership of 2,73,09,406 equity shares held by the President of India in THDC India (THDCIL) and the acquisition of beneficial ownership in 6 equity shares held by the nominees of the President of India in THDCIL (collectively representing 74.496% of the total paid up share capital of THDCIL) for an aggregate consideration of Rs 7500 crore.

The acquisition is subject to satisfaction of customary conditions precedent.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, March 26 2020. 18:04 IST