Delhi HC Rejects Plea Against BCCI Team Named 'Team India', Terms it a Sheer Waste of Time  ||  Bombay HC: No Absolute Right for Citizens to Access Public Offices  ||  Delhi HC: Suit Withdrawal After Compromise Doesn’t Result in Executable Decree  ||  Delhi HC: ITSC Abolition Doesn’t Void Settlement Pleas Filed Between Feb 1–Mar 31, 2021  ||  Rajasthan HC: State Must Set Up Trauma Centre, Art Institute; Temple Board Can Only Assist  ||  Kerala HC: LIC Cancer Cover Starts From First Diagnosis After Waiting Period, Not Expert Opinion  ||  Kerala HC: Spouse’s Ill Treatment of Children is Cruelty under Section 10(1) Divorce Act  ||  Supreme Court Acquits Chennai Man Sentenced to Death in Child Rape-Murder Case  ||  SC: Only Disclosure Leading to Weapon Recovery Admissible under Section 27 Evidence Act  ||  Supreme Court Orders Strict Enforcement on Helmets, Lane Discipline & Headlight Use    

CCI approves acquisition of 100% of issued and paid-up share capital of NEEPCO by NTPC- (Press Information Bureau) (24 Feb 2020)

MANU/PIBU/0472/2020

MRTP/ Competition Laws

The Competition Commission of India (CCI) approves the acquisition of 100% of the issued and paid-up share capital of North Eastern Electric Power Corporation ("NEEPCO"/"Target") by NTPC Limited ("NTPC"/"Acquirer") from Government of India ("GoI"), under Section 31(1) of the Competition Act, 2002.

The Proposed Combination relates to the acquisition of 100% of the issued and paid-up share capital of the Target by the Acquirer from GoI.

NTPC is a Maharatna 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 the business of generation of electricity from hydro and renewable energy sources.

NEEPCO is a power utility, primarily operating in the north-eastern region of India. The principal business activity of the Target is generation of power through hydro, thermal and solar power stations.

The CCI approved the Proposed Combination under Section 31(1) of the Act.

Tags : ACQUISITION   APPROVAL   NEEPCO  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved