GE Power India has completed acquisition of 50% of the issued and paid up share capital of NTPC GE Power Services (NGSL) on Apr. 19, 2021.
Prior, the company's board had approved the acquisition of 50% of the issued and paid-up share capital of NGSL for Rs 72 million.
The acquisition of shares of NGSL from GEPower Systems GmbH is a related party transaction as the Company and GE Power Systems GmbH are GE Group Affiliates.
Shares of the company gained Rs 1.85, or 0.74%, to trade at Rs 250.35. The total volume of shares traded was 7,691 at the BSE (3.29 p.m, Thursday).