Power company NTPC is likely to acquire the Central
government’s stake in SJVN Ltd, an official said. However, the
acquisition deal is stuck because of resistance from the
Himachal Pradesh (HP) government, the official added.
The transaction would fetch the exchequer about Rs 6,700 crore
at current market prices. SJVN is a joint venture between
central government and Himachal Pradesh government, with the
Centre holding 63.79 per cent stake and the latter holding
26.85 per cent at the end of September.
“We are looking at NTPC acquiring Centre’s share in SJVN. The
matter is stuck because of resistance from Himachal Pradesh
government. We are discussing it,” the official said.
At the current market price, sale of 63.79 per cent stake in
SJVN would fetch the Central government about Rs 6,700
The Cabinet Thursday approved PFC buying the government’s 52.63
per cent stake in REC. The transaction would fetch the
government Rs 15,000 crore.
The government has already mopped up over Rs 32,000 crore from
CPSE disinvestment in the current fiscal.