Acquisitions26 Oct 2023, 07:05 pm
PTC India Limited to Sell 100% Stake in PTC Energy Limited to ONGC for INR 925 Crores
AI Summary
PTC India Limited has clarified that the bid submitted by ONGC for acquiring its 100% equity stake in PTC Energy Limited is an all-cash bid of INR 925 crores, subject to fulfillment of conditions precedent and shareholder approval. The transaction is valued at INR 2021 crores, including adjustments as per the bid format.,
Key Highlights
- PTC India Limited to sell 100% stake in PTC Energy Limited to ONGC for INR 925 crores
- Transaction valued at INR 2021 crores
- Subject to fulfillment of conditions precedent and shareholder approval