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NTPC executes SPAs with GAIL (India)

Capital Market 

For divestment in Konkan LNG and acquisition of stake in Ratnagiri Gas and Power

NTPC has executed Share Purchase Agreements with GAIL (India) on 23 February 2021, for purchase of GAIL's share (25.51%) in Ratnagiri Gas and Power (RGPPL) and Sale of NTPC's share (14.82%) (on fully dilutive basis) in Konkan LNG (KLL).

After transfer of shares as per the Share Purchase Agreements, NTPC will exit from KLL and NTPC's shareholding in RGPPL will become 86.49%.

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

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First Published: Tue, February 23 2021. 18:32 IST
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