Acquisitions20 Oct 2023, 01:44 am
PTC India Ltd. Approves Sale of PTC Energy Limited to ONGC Ltd. for ₹925 Crores
AI Summary
PTC India Ltd. has approved the sale of its wholly owned subsidiary, PTC Energy Limited (PEL), to ONGC Ltd. for an equity value of ₹925 crores, subject to fulfillment of conditions precedent and shareholder approval. The acquisition is expected to be completed subject to applicable laws and regulations.,
Key Highlights
- PTC India Ltd. approves sale of PTC Energy Limited to ONGC Ltd. for ₹925 crores
- Acquisition subject to fulfillment of conditions precedent and shareholder approval
- PTC Energy Limited (PEL) to be acquired by ONGC Ltd.