{"id":401929,"date":"2021-02-24T12:12:36","date_gmt":"2021-02-24T06:42:36","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=401929"},"modified":"2021-02-24T12:51:21","modified_gmt":"2021-02-24T07:21:21","slug":"dabhol-project-ntpc-inks-pact-to-buy-gails-25-1-stake-in-ratnagiri-gas-and-power-pvt-ltd","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/dabhol-project-ntpc-inks-pact-to-buy-gails-25-1-stake-in-ratnagiri-gas-and-power-pvt-ltd\/","title":{"rendered":"Dabhol project: NTPC inks pact to buy GAIL\u2019s 25.1% stake in Ratnagiri Gas and Power Pvt Ltd"},"content":{"rendered":"<p>State-owned NTPC on Tuesday said it has signed a share purchase agreement to buy GAIL\u2019s 25.51 per cent 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 per cent stake in the RGPPL. Earlier in January, the company had announced acquiring 37.47 per cent stake in RGPPL from its lenders. Initially, NTPC and GAIL had 25.51 per cent stake each in the Dabhol project.<\/p>\n<p>\u201cNTPC Ltd has executed ahare purchase agreements with GAIL (India) Ld on February 23, 2021, for purchase of GAIL\u2019s share (25.51 per cent) in Ratnagiri Gas and Power Pvt Ltd (RGPPL) and sale of NTPC\u2019s share (14.82 per cent) (on fully dilutive basis) in Konkan LNG Ltd (KLL),\u201d according to a BSE filing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>State-owned NTPC on Tuesday said it has signed a share purchase agreement to buy GAIL\u2019s 25.51 per cent 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 per cent stake in the RGPPL. Earlier in January, the company had announced acquiring 37.47 per cent stake in RGPPL from its lenders. Initially, NTPC and GAIL had 25.51 per cent stake each in the Dabhol project. \u201cNTPC Ltd has executed ahare purchase agreements with GAIL (India) Ld on February 23, 2021, for purchase of GAIL\u2019s share [&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":[130,195,138],"tags":[],"class_list":["post-401929","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/401929","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=401929"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/401929\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=401929"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=401929"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=401929"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}