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).