PTC India Completes Divestment of PTC Energy to ONGC Green
PTC India has finalized the sale of its entire stake in PTC Energy Limited (PEL) to ONGC Green Limited (OGL), a wholly-owned subsidiary of Oil and Natural Gas Corporation (ONGC). The transaction, valued at ₹1,179 crore, was completed on March 19, 2025, following the receipt of the remaining ₹254 crore from OGL.
Impact on the Stock Market
Following the announcement, PTC India’s shares experienced a 3.5% increase, reaching ₹149.20. This uptick reflects investor optimism regarding the company’s strategic divestment and its potential to strengthen PTC India’s financial position.
Stock Market Categories
This transaction is significant within the following stock market categories:
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Energy Sector: The acquisition underscores a strategic shift towards renewable energy within the broader energy sector.
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Renewable Energy Industry: The deal highlights the growing importance and investment in sustainable energy solutions.
This strategic divestment aligns with PTC India’s focus on optimizing its business portfolio, while enabling ONGC Green to bolster its renewable energy assets, reflecting a broader industry trend towards sustainable energy solutions.
📉 Stock Market Disclaimer
Disclaimer: This post is for informational and educational purposes only and does not constitute financial advice or a recommendation to buy/sell any stock or share. Investing in the stock market involves risk. Past performance is not indicative of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.
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