Business Update14 Sept 2024, 01:05 am
PTC India Ltd. Signs Share Purchase Agreement with ONGC Green Limited for 100% Stake of PTC Energy Limited
AI Summary
PTC India Ltd., PEL, and ONGC Green Limited (a 100% subsidiary of ONGC Ltd) have signed a Share Purchase Agreement (SPA) on 13th September 2024. The agreement is for the divestment of 100% stake of PTC Energy Limited (PEL) held by PTC India Limited to ONGC Green Limited. The completion of the transaction is subject to the fulfillment of conditions precedent and other conditions as stipulated in the signed SPA and other applicable laws.
Key Highlights
- PTC India Ltd., PEL, and ONGC Green Limited sign Share Purchase Agreement
- The agreement is for the divestment of 100% stake of PTC Energy Limited held by PTC India Limited
- The transaction is subject to the fulfillment of conditions precedent and other conditions as stipulated in the signed SPA
- The agreement was signed on 13th September 2024
- ONGC Green Limited is a 100% subsidiary of ONGC Ltd