Adani eyeing stake in state-backed power trader PTC India

FILE PHOTO: Indian billionaire Gautam Adani addresses delegates during the Bengal Global Business Summit in Kolkata, India April 20, 2022. REUTERS/Rupak De Chowdhuri/File Photo
Reuters

Adani is among other possible bidders reviewing preliminary information on the business, the report added

Nishit Navin, Reuters News

January 6, 2023

PHOTO
FILE PHOTO: Indian billionaire Gautam Adani addresses delegates during the Bengal Global Business Summit in Kolkata, India April 20, 2022. REUTERS/Rupak De Chowdhuri/File Photo

BENGALURU - Indian billionaire Gautam Adani-led Adani Group is eyeing a stake in the state-backed power trader PTC India, Bloomberg news reported on Friday, citing people familiar with the development.

Adani is among other possible bidders reviewing preliminary information on the business, the report added.

(Reporting by Nishit Navin; Editing by Eileen Soreng)

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

ZAWYA NEWSLETTERS

RELATED ARTICLES

ZAWYA NEWSLETTERS

LATEST VIDEO