{"id":410661,"date":"2021-04-15T08:34:45","date_gmt":"2021-04-15T03:04:45","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=410661"},"modified":"2021-04-15T08:56:05","modified_gmt":"2021-04-15T03:26:05","slug":"ge-power-india-to-acquire-50-equity-stake-in-ntpc-ge-power-services","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ge-power-india-to-acquire-50-equity-stake-in-ntpc-ge-power-services\/","title":{"rendered":"GE Power India to acquire 50% equity stake in NTPC GE Power Services"},"content":{"rendered":"<p>GE Power India&#8217;s board on Wednesday approved the acquisition of 50 per cent stake in NTPC GE Power Services Pvt Ltd for Rs 7.2 crore.<\/p>\n<p>&#8220;Board of directors of GE Power India Ltd in its meeting held today i.e., 14 April, 2021 has approved acquisition of 50 per cent of the issued and paid-up share capital of NTPC GE Power Services Pvt Ltd (NGSL),&#8221; a BSE filing said. <\/p>\n<p>It also stated that the cost of acquisition or the price at which the shares are acquired is a cash consideration of Rs7,20,00,000.<\/p>\n<p>The acquisition of shares of NGSL from GEPower Systems GmbH is a related party transaction as the Company and GE Power Systems GmbH are GE Group Affiliates.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>GE Power India&#8217;s board on Wednesday approved the acquisition of 50 per cent stake in NTPC GE Power Services Pvt Ltd for Rs 7.2 crore. &#8220;Board of directors of GE Power India Ltd in its meeting held today i.e., 14 April, 2021 has approved acquisition of 50 per cent of the issued and paid-up share capital of NTPC GE Power Services Pvt Ltd (NGSL),&#8221; a BSE filing said. It also stated that the cost of acquisition or the price at which the shares are acquired is a cash consideration of Rs7,20,00,000. The acquisition of shares of NGSL from GEPower Systems [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-410661","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/410661","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=410661"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/410661\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=410661"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=410661"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=410661"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}