GAIL (India) to acquire NTPC’s 14.82% stake in Konkan LNG

To sell 25.51% stake in Ratnagiri Gas and Power to NTPC

GAIL (India) has executed Share Purchase Agreements with NTPC on 23 February 2021.
a) Purchase of NTPC’s entire shareholding (14.82%) in Konkan LNG (KLL). Consequently, GAIL’s shareholding in KLL increased to 92.15%.

b) Sale of GAIL’s entire shareholding (25.51%) in Ratnagiri Gas and Power (RGPPL) to NTPC. Consequently, GAIL’s shareholding in RGPPL reduced to NIL.