Business

Ranhill to buy 64% stake in Indian power firm for RM93mil

RANHILL Bhd has agreed to buy a 64% stake in Nagarjuna Power Corp Ltd (NPCL) of India by subscribing to 113.87 million new shares in the latter for about RM93.37mil. 

A statement from Ranhill said it had signed a conditional subscription of new shares agreement with NPCL yesterday.  

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