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NTPC Edges Larger On Inking Pact To Purchase GAIL’s Stake In Ratnagiri Gasoline

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NTPC would have 86.49 per cent stake in Ratnagiri Gasoline and Energy publish the transaction

NTPC shares edged greater on the BSE after the corporate signed a share buy settlement to purchase GAIL’s 25.51 per cent stake in Ratnagiri Gasoline and Energy, generally often known as Dabhol undertaking. At 10;35, the shares of NTPC had been buying and selling at Rs 104, greater by 0.5 per cent on the BSE.

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NTPC would have 86.49 per cent stake in Ratnagiri Gasoline and Energy publish the transaction, the State-run energy large mentioned in a regulatory submitting to the inventory exchanges. The Dabhol terminal at the moment operates solely throughout non-monsoon months.

In the meantime, NTPC has raised Rs 900 crore by way of issuance of unsecured, redeemable, taxable, listed, rated non-convertible debentures. NTPC has issued 9,000 unsecured, redeemable, taxable, listed, rated non-convertible debentures value Rs 900 crore on February 23, 2021, the corporate mentioned in a separate BSE submitting on Tuesday.

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The BSE Sensex was buying and selling at 50,091.17, greater by 339.65 factors or 0.67 per cent and the NSE Nifty was at 14,820.45, up 112.65 factors or 0.77 per cent on the time.

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