YTL in talks to buy 49% in India's thermal power business


NEW DELHI: Infrastructure conglomerate, YTL Corporation Bhd, is in talks with India's NSL Group to acquire up to 49% stake in NSL Orissa Power and Infratech, a thermal power business, Economics Times reported.

"The talks are now in an advanced stage and due diligence process is currently going on," the Business Daily quoted unnamed sources as saying.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
   

Next In Business News

Step back and watch
Bull waits for liquidity to return
Magnum can strike it big again
All sails set for MISC-Bumi Armada merger
Dicey days for chip makers
After a homeowner passes
A stinky nuisance: When septic tanks burst
Decarbonising cement: Are we ready?
Ringgit to trade in tight range of 4.46-4.48 versus US dollar next week
Shedding light on power sector prospects

Others Also Read