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GAIL (INDIA) TO ACQUIRE NTPC`S 14.82% STAKE IN KONKAN LNG

Published on Feb 24, 2021 11:24

GAIL (India) has executed Share Purchase Agreements with NTPC on 23 February 2021.

a) Purchase of NTPC`s entire shareholding (14.82%) in Konkan LNG (KLL). Consequently, GAIL`s shareholding in KLL increased to 92.15%.

b) Sale of GAIL`s entire shareholding (25.51%) in Ratnagiri Gas and Power (RGPPL) to NTPC. Consequently, GAIL`s shareholding in RGPPL reduced to NIL.

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