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28 Jun 24 | 16:00
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BSE SENSEX
79,032.73
-210.45
-0.27 %
Corporate Announcement
Security Code
533098
Company
NHPC LTD.
Exchange Received Time
11/06/2024 16:29:31
Exchange Disseminated Time
11/06/2024 16:29:31
Time Taken
00:00:00
Completion Of Sale Of Partial Stake In National High Power Test Laboratory Pvt. Ltd. (NHPTL) |
06/11/24 16:29
In continuation to our earlier letter dated 23.04.2024 and in compliance to Regulation 30 of SEBI (LODR) Regulations, 2015, it is to inform that the Board of Directors of NHPTL in its meeting held on 10.06.2024 has approved the transfer of 1,31,63,750 (One Crore Thirty One Lakh Sixty Three Thousand Seven Hundred Fifty) shares from NHPC to Power Grid Corporation of India Limited, in line with supplementary JV Agreement signed between JV Partners of NHPTL. The Post Transaction equity holding of NHPC in NHPTL becomes 12.50% from 20%. Accordingly, NHPTL ceases to be an associate company of NHPC Limited.
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