NTPC Ltd.
BSE: 532555 | NSE: NTPC
Large Cap | Power Generation/Distribution
340.05
2.05 (0.61%) NTPC informs about disclosure
Date: 01-01-2021NTPC has informed that it has executed agreement for a Composite Resolution Plan with lenders of Ratnagiri Gas & Power (RGPPL), a Joint Venture Company of NTPC engaged in generation of Power, and RGPPL on 31.12.2020, wherein outstanding debt liabilities of RGPPL have been settled through One Time Settlement (OTS) by NTPC. As a part of the Resolution Plan, 35.47% of equity held by lenders (IDBI, ICICI, SBI, IFCI and Canara Bank) in RGPPL have been transferred to NTPC. Consequent upon the resolution plan of RGPPL, NTPC equity shareholding in RGPPL has increased from 25.51% to 60.98% on 31.12.2020.
The above information is a part of company’s filings submitted to BSE.