PTC India Ltd. Attracting Interest from Potential Buyers Including Gautam Adani Key Points:
- PTC India is a state-backed electricity trader that is currently for sale
- Potential buyers include Gautam Adani and other Indian conglomerates
- State-owned entities NTPC, NHPC, Power Grid Corp. of India, and Power Finance Corp. are also considering the sale of their stakes in the company
- Bids for the company are expected to be submitted by the end of the month
PTC India, a state-backed electricity trader, is reportedly attracting initial interest from potential buyers including Gautam Adani, Asia’s wealthiest man. According to sources familiar with the matter, Adani and other Indian conglomerates are currently reviewing preliminary information about the company. State-owned entities NTPC, NHPC, Power Grid Corp. of India, and Power Finance Corp. are also considering the sale of their approximately 4% stakes in the company, with bids expected to be submitted by the end of the month.
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