{"id":569718,"date":"2023-04-14T09:58:40","date_gmt":"2023-04-14T04:28:40","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=569718"},"modified":"2023-04-14T10:54:13","modified_gmt":"2023-04-14T05:24:13","slug":"ntpc-likely-to-divest-25-of-green-energy-arm-via-public-offer-report","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ntpc-likely-to-divest-25-of-green-energy-arm-via-public-offer-report\/","title":{"rendered":"NTPC likely to divest 25% of green energy arm via public offer: Report"},"content":{"rendered":"<p>India&#8217;s largest power producer NTPC Ltd is likely to divest 25 per cent of its green energy arm through a public offering this year after shelving a plan to sell the stake to Malaysia&#8217;s Petronas, a person familiar with the matter said on Thursday.<\/p>\n<p>Petronas had offered $460 million for a 20 per cent stake in NTPC Green Energy, outbidding local Indian firms with an offer of 27.52 rupees ($0.3362) per share, Reuters reported last month.<\/p>\n<p>The source, who declined to be named as they were not authorised to speak to the media, said NTPC had been seeking an even higher valuation, but Petronas declined.<\/p>\n<p>NTPC and Petronas did not immediately respond to requests for comment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India&#8217;s largest power producer NTPC Ltd is likely to divest 25 per cent of its green energy arm through a public offering this year after shelving a plan to sell the stake to Malaysia&#8217;s Petronas, a person familiar with the matter said on Thursday. Petronas had offered $460 million for a 20 per cent stake in NTPC Green Energy, outbidding local Indian firms with an offer of 27.52 rupees ($0.3362) per share, Reuters reported last month. The source, who declined to be named as they were not authorised to speak to the media, said NTPC had been seeking an even [&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":[146,130,234],"tags":[],"class_list":["post-569718","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-power-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/569718","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=569718"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/569718\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=569718"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=569718"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=569718"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}