Government May Sell $2.6-Billion NHPC Stake to State-Run Peer NTPC: Report

Government May Sell $2.6-Billion NHPC Stake to State-Run Peer NTPC: Report

NHPC surged as much as 9.7 percent before closing 3.9 percent higher at Rs 24.15. India’s ministries of finance and power are discussing a plan to sell government’s stake in hydro-power producer NHPC Ltd. to its state-run peer NTPC Ltd., the nation’s biggest electricity generator by capacity, according to people familiar with the matter. The…

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