NEW DELHI: India's largest hydropower generator NHPC Ltd is keen on buying out its public sector co-promoters in power trading firm PTC India Ltd, three people aware of the plan said.
Currently, NHPC, NTPC Ltd, Power Grid Corp. of India Ltd and Power Finance Corp. Ltd hold about 4.05% each in PTC India, totalling 16.2%. The four PSUs had appointed ICICI Securities as merchant banker in 2022 for the transaction, after the power ministry approved their exit plan. "The companies have been eyeing an exit for some time now and are expecting to carry out the stake sale by the end of this financial year," one of the two people mentioned above said on the condition of anonymity.
Queries emailed to NHPC, NTPC, PowerGrid and PFC remained unanswered.
This story is from the January 10, 2025 edition of Hindustan Times Rajasthan.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the January 10, 2025 edition of Hindustan Times Rajasthan.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Sonu Sood slashes Fateh ticket prices to ₹99 for opening day
In a generous move, actor Sonu Sood has announced that the opening day tickets for his film Fateh, releasing today, will be priced at a mere ₹99.
DIGITAL ARREST SCAMS: ALL YOU NEED TO KNOW
Every day, we hear about digital scams and fraudulent calls leading to significant financial losses, often targeting vulnerable individuals.
Amid divorce rumours, Dhanashree slams 'character assassination by trolls'
DHANASHREE VERMA BASHED ONLINE TROLLS FOR 'BASELESS' RUMOURS, BUT DID NOT DIRECTLY ADDRESS THE SPECULATION AROUND HER SEPARATION FROM YUZVENDRA CHAHAL
Sinner Begins Title Defence vs Jarry
Jannik Sinner begins his Australian Open title defence against Nicolas Jarry while women's champion Aryna Sabalenka takes on 2017 US Open winner Sloane Stephens after the draw for the year's first Grand Slam was made at Melbourne Park on Thursday.
All eyes on Rohit, Bumrah and Shami in CT selection
Selectors are due to name India's squad for the Feb 22-March 9 ICC Champions Trophy on Saturday
Friendship, coaching rivalry and cricket connections
Sitting in the stands of the Birsa Munda Hockey Stadium, Craig Fulton was observing the Indian players in a training session of Hockey India League (HIL) franchise Team Gonasika.
Australia tour rubble shows domestic cricket deserves more respect
India suffered two shattering jolts – first New Zealand and now Australia – but in the gloom there is a silver lining, what teams call 'positives'.
Mercedes Bets on Smaller Cities Amid Youth Spending
Germany's Mercedes-Benz, fresh off a year of record sales in India, plans to add another 20 dealerships or service outlets in 2025—mainly in smaller cities where young, well-travelled business owners are indulging in luxury goods.
Small, mid-cap funds push MF inflows by 15% in Dec
Inflows into India's equity mutual funds rose about 15% month-on-month in December, with investors continuing their buying spree unaffected by the prospect of fewer U.S. rate cuts in 2025 and worries of likely moderation in earnings.
Beyond Snack raises $8.3 mn in Series A funding round
Snacking brand Beyond Snack has raised $8.3 million in a Series A funding round led by 12 Flags Group, a consumer-focused fund set up by Rakesh Kapoor, the former global CEO of Reckitt Benckiser.
