NTPC appoints EY as advisor for buying BSES’ Delhi discom businesses

NTPC Limited has appointed consulting firm EY as an advisor for acquiring Reliance Infrastructure Limited’s Delhi electricity distribution businesses.

In May 2020, NTPC had evinced interest to buy Reliance Infrastructure Limited’s 51 per cent stake each in BSES Rajdhani Power Limited (BRPL) and BSES Yamuna Power Limited (BYPL). The discoms supply electricity to around 4.4 million customers in Delhi. Reportedly, EY and SBI Capital Markets had bid for the NTPC’ mandate which was later awarded to the latter.

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