Centre nets Rs 11,500 crore by selling THDC, Neepco to NTPC

In a CPSE-to-CPSE deal, the Centre sold its entire holdings in THDC and Neepco to state-run power major NTPC for a consideration of Rs 11,500 crore.

“DIPAM completed two more strategic disinvestment transactions. The government’s 74.49% stake in THDC at a consideration of Rs 7500 crore and 100% stake in Neepco at Rs 4,000 crore has been disinvested in favour of NTPC,” department of investment and public asset management secretary (DIPAM) Tuhin Kanta Pandey tweeted.