{"id":612701,"date":"2023-10-27T09:24:59","date_gmt":"2023-10-27T03:54:59","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=612701"},"modified":"2023-10-27T09:49:27","modified_gmt":"2023-10-27T04:19:27","slug":"ptc-to-divest-100-equity-in-energy-arm-for-rs-2021-cr-enterprise-value","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ptc-to-divest-100-equity-in-energy-arm-for-rs-2021-cr-enterprise-value\/","title":{"rendered":"PTC to divest 100% equity in energy arm for Rs 2,021 cr enterprise value"},"content":{"rendered":"<p>Power trading solution provider PTC India on Thursday said the company will divest its 100 per cent equity stake in its arm PTC Energy to state-owned upstream firm ONGC for an enterprise value of Rs 2,021 crore. <\/p>\n<p>&#8220;Bid submitted by ONGC is an all-cash bid of Rs 925 crore for acquiring PTC&#8217;s 100 per cent equity stake in PTC Energy Ltd, which corresponds to an enterprise value (i.e. the sum of outstanding debt and equity value) of Rs 2,021 crores, subject to adjustments on the date of transaction closure as per the bid format,&#8221; PTC India stated in a BSE filing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Power trading solution provider PTC India on Thursday said the company will divest its 100 per cent equity stake in its arm PTC Energy to state-owned upstream firm ONGC for an enterprise value of Rs 2,021 crore. &#8220;Bid submitted by ONGC is an all-cash bid of Rs 925 crore for acquiring PTC&#8217;s 100 per cent equity stake in PTC Energy Ltd, which corresponds to an enterprise value (i.e. the sum of outstanding debt and equity value) of Rs 2,021 crores, subject to adjustments on the date of transaction closure as per the bid format,&#8221; PTC India stated in a BSE [&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-612701","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\/612701","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=612701"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/612701\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=612701"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=612701"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=612701"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}