According to the reports of Economic Times, PTC India has received expressions of interest (EoIs) from Tata Power, JSW Energy, Greenko and Torrent Group. Even widely expected to participate in the bidding process, the Adani Group has yet to submit an expression of interest.
The five public sector undertakings including the promoters of PTC India have planned to sell their stakes in the power trading company.
The promoters of PTC India – NTPC, NHPC, Power Finance Corp, and Power Grid Corp – control around 16% of the company. According to the people quoted by ET, Damodar Valley Corp has also decided to divest its 3.3% ownership, bringing the total stake on offer to nearly 20%.
On January 12, PTC India informed stock exchanges that it was ‘not aware of any such stake sale by the promoter companies,’ the report added.
Related Tags
Invest wise with Expert advice
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
Download The App Now
Follow us on
2025, IIFL Capital Services Ltd. All Rights Reserved
IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.
