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NTPC inks pact to purchase GAIL's 25.1% stake in RGPPL

24 Feb 2021 Evaluate

NTPC has executed share purchase agreements with GAIL (India) on February 23, 2021, for purchase of GAIL's share (25.51 percent) in Ratnagiri Gas and Power (RGPPL) and sale of NTPC's share (14.82 percent) (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%.

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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