NTPC’s buyout plan hits an NHPC wall
New Delhı: NHPC LTD, discussion, after leaving the plans to purchase the shares of joint practitioners in Hit PTC India LTD, the thermal power giant NTPC LTD also submitted a similar bid, but received an obstacle.
NHPC, India’s largest hydroelectric generator, said that the purchasing plan is not the main job of power trade.
Apart from NTPC and NHPC, the PTC’s other supporters India Ltd and Power Finance Corp. Power Grid Corp from LTD.
“In the last two months, NTPC offered to purchase the shares of other supporter PSUs,” he said, a manager familiar with developments.
Another manager said there was no other movement on NTPC’s proposal. “Considering that NHPC gives good dividends, PTC plans to hold onto shares in India.” He said.
PTC for 2024-25 announced a cumulative dividend La11.7 per share. Calculation of an envelope based on 12 million PTC shares of each common fiction, La14 Crore for each.
PTC Consolidated Net Wife increased by 61% in India’s April-June LaA year ago 150.76 Crore La242.88 Crore.
This year, the stock earned more than 10% and left behind a 3.8% increase in Nifty 50. However, on Friday, PTC India fell 1.39% LaNSE lost 167.17 per share and Nifty 50 0.95%.
NTPC, NHPC, Power Finance, Power Grid and Unity Ministry Mint The queries were sent on Thursday by E -Post.
Lock Inferences
- NTPC’s attempt to unite ownership in India by acquiring NTPC’s joint pro -prospects, although NHPC returned to the disposal of NHPC, although previously pointed out an exit. Interest underlines the uncertainty surrounding the PTC’s highly controversial supporter share sales.
- NHPC and other promoter PSUs are very little encouraging because the PTC continues to offer attractive payments – for each of the 25 financial years, each of which has become approximately 14 Crore per year. The fixed revenue flow has made it more rewarding than selling the hand.
- Even if the PTC struggles with a financial branch of governance discussions, the company showed strong foundations – this year made a leap of 61% in the first quarter net profit and 10% stock increase – the investor interest.
PTC India’s checkered history
Four PTC joint institutions, the company’s financial branch PTC Indian Financial Services (PFS) thought to sell their share. Both PFS and PTC have been under regulatory review since then.
That year, PTC’s common general practitioners appointed Icici Securities as a merchant banker for selling his shares in the company after he approved his exit plans.
In January this year, Mint He reported that NHPC, the largest hydroelectric generator of India, was eager to buy the risks of PTC’s common practitioners.
In an interview Mint In February, Raj Kumar Chaudhary, then president and general manager of NHPC, said the company would soon decide to receive the shares of other supporters of PTC and inform the Ministry of Power. However, the NHPC plan later reduced.
In his 2024-25-year report, NHPC said that “share sales/ other supporters are investigating the options for acquiring additional shares/ continuing the existing stake. In waiting for the final decision, the investment in PTC India LTD continues to be classified as a non-fluent financial savagery”.
In June last year, the Indian securities and the stock market board, the former president of the PTC Rajib Kumar Mishra and the former General Manager of PFS Pawan Singh, PFS’deki suspicious corporate mistake for six months and two years in any position under the board of directors or management.
Market Editor also La10 Lakh and LaMishra and Singh 25 Lakh, respectively.
However, in December 2024, the Court of Securities (SAT) banned the sebi order as director in the companies listed.
Mishra sat on the grounds that she was not responsible for PFS. Following this, the PTC Indian Board came together and decided that Mishra could not be accepted as the director or the chairman and general manager of the company.
