Kolkata, Mar 27: RBSA Advisors, a leading independent full circle advisory firm, today announced successful completion of two deals worth Rs 6,300 crore. RBSA acted as the exclusive Transaction Advisor to DIPAM, GoI, for the two deals – divestment of 100% in NEEPCO and 66.67% in KPL (erstwhile Ennore Port), according to a statement issued here.
“Both deals were at an advanced stage and were concluded despite the nationwide lockdown – reflecting the Government’s resolve to keep business continued despite the challenges. While NTPC’s acquisition of NEEPCO will provide them with ready access to the North Eastern Region and also add renewable power assets; ChPT will immensely benefit from the complete control over KPL in terms of capacity and control” said Ajay Malik, MD & Head, Investment Banking, RBSA Advisors.(UNI)