New Delhi (15.01.2025): PTC India Ltd's, the leading provider of power trading solutions in India established in the year 1999 as a Government of India initiated Public-Private Partnership with a focus to develop a commercially vibrant power market in the country, key shareholders want to curtail their relationship with the listed power trading company that's been under investigation by regulators over corporate governance lapses.

Four public sector undertakings -- NTPC, Power Grid Corporation of India, PFC and NHPC -- are its key shareholders and all of them are promoters of the company. They want to give up that role to ringfence the companies from any fallout from the PTC India inquiry. They plan to restrict their participation in PTC India’s affairs, such as board representation. They own a little over 16 per cent of PTC India Ltd. However, the process to do so could take a long time and may need amendments to the existing shareholder agreements.