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BSE: 532555 Sector: Infrastructure
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Outcome Of Board Meeting - Corporate Disclosure Under Regulation 30 Of The SEBI (Listing Obligations

January 27, 2020, 7:26 pm | Source: BSE

This is to inform you that the Board of Directors of NTPC Ltd. (NTPC) in its meeting held today i.e. 27/1/2020 has noted the in-principle approval accorded by the Cabinet- Committee on Economic Affairs (CCEA) in their meeting held on 21/11/19 for strategic sale of entire equity stake held by the Government of India in North Eastern Electric Power Corporation Ltd. (NEEPCO) and THDC India Ltd.(THDC) to NTPC Limited along with transfer of management control. The decision of CCEA was conveyed to us by the Mini.of Power vide O.M. dated 2/12/19.

In respect of above subject to applicable provisions of the Companies Act 2013 and any other applicable legislations and provisions of the Memorandum and Articles of Association and necessary approvals as may be required the Board of Directors has inter alia accorded in-principle approval for the acquisition of entire equity stake of Govt. of India in NEEPCO and THDC.
Copy of disclosure is enclosed.