NTPC gets CCI approval to acquire 74.50% of issued and paid-up share capital of THDC India Ltd.

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..... NTPC gets CCI approval to acquire 74.50% of issued and paid-up share capital of THDC India Ltd. - News and Press Release Dated:- 24-2-2020 - News - The Competition Commission of India (CCI) approves .....

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..... the acquisition of 74.50% of the issued and paid-up share capital of THDC India Limited ( THDC / Target ) by NTPC Limited ( NTPC / Acquirer ) from Government of India ( GoI ), under Section 31(1) .....

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..... of the Competition Act, 2002 The Proposed Combination relates to the acquisition of 74.50% of the issued and paid-up share capital of the Target by the Acquirer from GoI. NTPC is a Maharatna .....

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..... Company having presence in the power generation business. The principal business activity of the company is electric power generation through coal based thermal power plants. NTPC is also engaged in t .....

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..... he business of generation of electricity from hydro and renewable energy sources. THDC is a government company with 74.50% of its total shares held by the Government of India and 25.50% of its shar .....

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..... es held by the Government of Uttar Pradesh as on 31 March 2019. The Target is a Central Public Sector Unit and under the administrative control of the Ministry of Power, GoI. The CCI approved the P .....

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..... roposed Combination under Section 31(1) of the Act. Detailed order of the CCI will follow. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagemen .....

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..... tindia.com - TMI - TaxTMI - TMITax .....

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