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NTPC joins fray to buy RInfra's Delhi electricity distribution business
28-May-2020

In an ambitious move, the country's largest power producer NTPC is joining the fray for buying out the Delhi electricity distribution business of Anil Ambani-promoted Reliance Infrastructure (RInfra). In a letter to the Delhi Electricity Regulatory Commission (DERC), NTPC said it was keen to buy 51 per cent stake in BSES Rajdhani Power and BSES Yamuna Power — the two distribution companies (discoms) owned by RInfra. It said it was keen to foray into the distribution business, provided “the equity sale is done through a transparent process”.

News Source:- https://www.business-standard.com/article/companies/ntpc-planning-to-buy-reliance-infra-s-delhi-electricity-distribution-biz-120052701415_1.html