NTPC inches up on inking pact to purchase GAIL's 25.1% stake in RGPPL
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NTPC is currently trading at Rs. 104.10, up by 0.55 points or 0.53% from its previous closing of Rs. 103.55 on the BSE.
The scrip opened at Rs. 104.10 and has touched a high and low of Rs. 104.70 and Rs. 103.55 respectively. So far 41703 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 112.40 on 25-Feb-2020 and a 52 week low of Rs. 74.00 on 23-Mar-2020.
Last one week high and low of the scrip stood at Rs. 106.70 and Rs. 99.65 respectively. The current market cap of the company is Rs. 100408.98 crore.
The promoters holding in the company stood at 51.10%, while Institutions and Non-Institutions held 45.91% and 2.99% respectively.
NTPC has executed share purchase agreements with GAIL (India) on February 23, 2021, for purchase of GAIL's share (25.51 percent) in Ratnagiri Gas and Power (RGPPL) and sale of NTPC's share (14.82 percent) (on fully dilutive basis) in Konkan LNG (KLL). After transfer of shares as per the Share Purchase Agreements, NTPC will exit from KLL and NTPC's shareholding in RGPPL will become 86.49%.
NTPC is the largest power utility company in India and has presence in Coal, Gas, Solar PV, Hydro and Wind Power Generation and Coal Mining.
