NTPC reduces stake in National High Power Test Laboratory Pvt. Ltd.

The Board of Directors of National High Power Test Laboratory Pvt. Ltd. (NHPTL) has approved the transfer of 1,31,63,750 (One Crore Thirty One Lakh Sixty Three Thousand Seven Hundred Fifty) shares from NTPC Limited to Power Grid Corporation of India Limited, in line with the Supplementary Joint Venture Agreement signed between JV Partners of NHPTL.

The post-transaction equity holding of NTPC Limited in NHPTL becomes 12.50% from 20%. Accordingly, NHPTL ceases to be an Associate Company of NTPC Limited.

Shares of NTPC Limited was last trading in BSE at Rs. 368.40 as compared to the previous close of Rs. 369.95. The total number of shares traded during the day was 601735 in over 11217 trades.

The stock hit an intraday high of Rs. 370.35 and intraday low of 366.00. The net turnover during the day was Rs. 221442426.00.

Source : Equity Bulls

Keywords

NTPC INE733E01010 StakeSale NHPTL PowerGrid