Correct Answer : 5%
NTPC Vidyut Vyapar Nigam (NVVN), a wholly owned subsidiary of NTPC has acquired 5% stake in Power Exchange of India (PXIL).
NVVN has purchased the shares of PXIL from NSE Investment, a co-promoter shareholder of PXIL, on 31 January 2022. NVVN is one of the top power traders in India and the acquisition of an equity stake in PXIL would enable a strategic opportunity for NVVN to achieve and maintain a good position in the power trading market.
NVVN was formed by NTPC, a power generating firm and a Maharatna company, in the year 2002, as its wholly owned subsidiary to tap the potential of power trading in the country. NVVN holds a highest category 'I' power trading license in terms of latest CERC regulations.
Source : Business Standard
