ONGC Green Limited Acquires PTC Energy for Rs. 1,179 Crores
PTC India Limited Finalizes Divestment of PTC Energy Limited to ONGC Green Limited for Rs. 1,179 Crores
New Delhi: PTC India gave an update on the Divestment of a 100% stake of PTC Energy Limited (PEL) held by PTC India Limited to ONGC Green Limited (OGL). The company mentioned in its regulatory filing states that the company has received the amount of Rs. 254 crores from ONGC Green Ltd. (OGL) on 19th March 2025 (after business hours) as part of the adjustments to the bid price as per the Share Purchase Agreement.
It is also said that Upon receipt of the total consideration of Rs. 1,179 Crores (Rupees One Thousand One Hundred Seventy Nine Crores only), including consideration of Rs. 925 crores received on 04th March 2025, from ONGC Green Limited (OGL), the company announces the completion of transaction of divestment of 100% stake of PTC Energy Limited to OGL on 19th March, 2025.
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