NTPC Ltd to acquire THDC India Ltd

NTPC Ltd has, on March 25, 2020, executed a Share Purchase Agreement with the President of India for acquisition of legal and beneficial ownership of 2,73,09,406 equity shares held by the President of India in THDC India Limited (THDCIL) and the acquisition of beneficial ownership in 6 equity shares held by the nominees of the President of India in THDCIL (collectively representing 74.496% of the total paid up share capital of THDCIL) for an aggregate consideration of INR 7500 crore (Rupees Seven Thousand Five Hundred Crore only). The acquisition is subject to satisfaction of customary conditions precedent.

Shares of NTPC LTD. was last trading in BSE at Rs.80.5 as compared to the previous close of Rs. 79.7. The total number of shares traded during the day was 839159 in over 3923 trades.

The stock hit an intraday high of Rs. 83.85 and intraday low of 76.5. The net turnover during the day was Rs. 66295462.

Source : Equity Bulls

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