ArcelorMittal, CPPIB among bidders for stake in NTPC Green Energy ...Middle East

Business Standard - Economy
source : Business Standard ( Middle East ) () 27
ArcelorMittal, Brookfield and Canada Pension Plan Investment Board are among over a dozen entities that have evinced interest in buying stake in NTPC Green Energy Ltd, according to sources. NTPC Green Energy Ltd (NGEL) is a wholly-owned subsidiary of state-owned power giant NTPC Ltd. The expression of interest (EoI) for stake sale of 5 to 10 per cent in NGEL was invited in June this year. "The NTPC has received 13 bids for divesting up to 5-10 per cent stake in the NGEL. The EoI for the stake was issued around June. The bidders include ArcelorMittal, Brookfield, and Canada Pension Plan Investment Board. The winners will be finalised by the end of the month (September)". NTPC expects the valu

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