NVVN acquires 5% stake in PXIL

NTPC Vidyut Vyapar Nigam Limited (NVVN), a wholly-owned subsidiary of NTPC Limited, has acquired a 5 per cent equity stake in Power Exchange of India (PXIL). NVVN has purchased the shares of PXIL from NSE Investment, a co-promoter shareholder of PXIL, on January 31, 2022. NVVN is one of the top power traders in India and the acquisition of an equity stake in PXIL is a strategic opportunity for NVVN to achieve and maintain a leadership position in the rapidly changing power trading market.