'Malaysia's Petronas offers $460 million for stake in India's NTPC's green arm'

Malaysia's Petronas has offered to buy a 20% stake in India's largest power producer, NTPC, in the first deal of its kind by a state-run firm. The offer price was higher than the 30 billion rupees NTPC had been expecting when it asked for expressions of interest in NTPC Green Energy (NGEL) last year and was 78% above the second-highest bidder. https://ift.tt/yDIGxBh