NTPC Vidyut Vyapar Nigam Ltd. acquires 5% Equity stake in PXIL
NTPC Vidyut Vyapar Nigam Ltd. (NVVN), a wholly-owned subsidiary of NTPC Ltd. has acquired 5% equity stake in Power Exchange of India Ltd (PXIL) on January 31, 2022. NVVN has purchased these shares from NSE Investment Limited, a co-promoter shareholder of PXIL.
NVVN is a wholly-owned subsidiary of NTPC Ltd, formed in 2002. It is the leading power traders in India. PXIL is India’s first institutionally promoted power exchange, promoted by NSE Investment Ltd. & NCDEX and has been providing innovative and credible solutions since 2008.
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