NTPC Board okays acquisition of govt stake in NEEPCO, THDC
NEW DELHI: State-owned power giant NTPC on Monday said its board has given in-principal approval to acquire government’s 100 per cent stake in North Eastern Electric Power Corporation Ltd(NEEPCO) and 74.5 per cent stake in THDC India Ltd.
“The Board of Directors (in its meeting held on January 27, 2020) has accorded in-principle approval for the acquisition of entire equity stake of Government of India in NEEPCO (100 per cent of paid up share capital of NEEPCO) and THDC (74.5 per cent of paid up share capital of THDC),” a BSE filing said.
