Announced
NTPC to acquire THDC and NEEPCO for $1.5bn.
Financials
Transaction Value£1,241m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-
Sources
Tags
electricity generation
Pending
Alternative Electricity
Private
India
Majority
hydropower
Friendly
hydroelectric electricity generation
Single Bidder
Acquisition
Domestic
Conventional Electricity
energy company
utility services
electricity distribution
Synopsis
NTPC, a power generation company, has agreed to acquire hydro-electricity generation firms THDC and NEEPCO for $1.5bn. NTPC would be acquiring a 74.49% stake in THDC for $996m and a 100% stake in Neepco for $531m respectively. Post-acquisition, THDCIL and NEEPCO will become subsidiaries of NTPC.
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