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NTPC buys 44.6% in TELK

Our Bureau

New Delhi, June 22 NTPC Ltd said on Monday it was buying a 44.6 per cent stake in Transformers and Electricals Kerala Ltd (TELK), from the Kerala Government.

The power producer said the stake was valued at Rs 31.34 crore ($6.4 million), although the final price was subject to valuation of assets as on end-March 2009.

Transformers and Electricals Kerala makes and repairs heavy duty transformers.

More Stories on : Mergers & Acquisitions | Power | NTPC Ltd

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