Power company NTPC is likely to acquire the Central government’s stake in SJVN Ltd, an official said. However, the acquisition deal is stuck because of resistance from the Himachal Pradesh (HP) government, the official added.
The transaction would fetch the exchequer about Rs 6,700 crore at current market prices. SJVN is a joint venture between central government and Himachal Pradesh government, with the Centre holding 63.79 per cent stake and the latter holding 26.85 per cent at the end of September.
“We are looking at NTPC acquiring Centre’s share in SJVN. The matter is stuck because of resistance from Himachal Pradesh government. We are discussing it,” the official said. Read More
Latest posts by Financial Express (see all)
- Make in India: After Sydney metro trains, Alstom to begin production for Mumbai Metro Line 3 - December 12, 2018
- Indian Railways cancels, reduces frequency of over 50 trains from December-February! Complete list here - December 12, 2018
- Indigenous Kaiga nuclear power plant KGS-1 sets a world record, puts India as a front runner - December 12, 2018