In a letter written to Delhi Electricity Regulatory Commission (DERC) on May 26, 2020, the power giant said, "NTPC has decided to foray into power distribution sector and keen on acquiring the distribution assets (BRPL and BYPL)".
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"We have learnt from media reports that ADAG wants to divest its 51 per cent stake in BRPL and BYPL."
The company also said, "NTPC is keen to explore the opportunities for acquiring 51 per cent stake in BRPL and BYPL, which are on sale, provided that the equity sale is done through a transparent process".
The speculation is rife that number of players are keen to buy 51 per stake in the two utilities.