{"id":401787,"date":"2021-02-24T10:36:29","date_gmt":"2021-02-24T05:06:29","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=401787"},"modified":"2021-02-24T10:36:29","modified_gmt":"2021-02-24T05:06:29","slug":"ntpc-inks-pact-to-buy-gails-25-1-stake-in-ratnagiri-gas-and-power","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ntpc-inks-pact-to-buy-gails-25-1-stake-in-ratnagiri-gas-and-power\/","title":{"rendered":"NTPC inks pact to buy GAIL&#8217;s 25.1% stake in Ratnagiri Gas and Power"},"content":{"rendered":"<p>NEW DELHI : State-owned NTPC on Tuesday said it has signed a share purchase agreement to buy GAIL&#8217;s 25.51% stake in Ratnagiri Gas and Power Pvt Ltd (RGPPL), which is commonly known as Dabhol project.<\/p>\n<p>After the transaction is complete, NTPC would have 86.49% stake in the RGPPL. Earlier in January, the company had announced acquiring 37.47% stake in RGPPL from its lenders. Initially, NTPC and GAIL had 25.51% stake each in the Dabhol project.<\/p>\n<p>&#8220;NTPC Ltd has executed ahare purchase agreements with GAIL (India) Ld on February 23, 2021, for purchase of GAIL&#8217;s share (25.51%) in Ratnagiri Gas and Power Pvt Ltd (RGPPL) and sale of NTPC&#8217;s share (14.82%) (on fully dilutive basis) in Konkan LNG Ltd (KLL),&#8221; according to a BSE filing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI : State-owned NTPC on Tuesday said it has signed a share purchase agreement to buy GAIL&#8217;s 25.51% stake in Ratnagiri Gas and Power Pvt Ltd (RGPPL), which is commonly known as Dabhol project. After the transaction is complete, NTPC would have 86.49% stake in the RGPPL. Earlier in January, the company had announced acquiring 37.47% stake in RGPPL from its lenders. Initially, NTPC and GAIL had 25.51% stake each in the Dabhol project. &#8220;NTPC Ltd has executed ahare purchase agreements with GAIL (India) Ld on February 23, 2021, for purchase of GAIL&#8217;s share (25.51%) in Ratnagiri Gas and [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[139,130,187],"tags":[],"class_list":["post-401787","post","type-post","status-publish","format-standard","hentry","category-live-mint","category-newspapers","category-oil-gas-live-mint"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/401787","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=401787"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/401787\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=401787"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=401787"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=401787"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}