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NTPC gets CCI’s nod to acquire 100% stake of NEEPCO

25 Feb 2020 Evaluate

The Competition Commission of India (CCI) has approved the acquisition of 100% of the issued and paid-up share capital of North Eastern Electric Power Corporation(NEEPCO) (Target) by NTPC (Acquirer) from Government of India (GoI).

NEEPCO is a power utility, primarily operating in the north-eastern region of India. The principal business activity of the Target is generation of power through hydro, thermal and solar power stations.

NTPC is the largest power utility company in India and has presence in Coal, Gas, Solar PV, Hydro and Wind Power Generation and Coal Mining.

Peers
Company Name CMP
NTPC 316.70
Tata Power 350.00
Adani Power 196.95
Power Grid Corpn. 254.65
Adani Energy Solut. 1325.50
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