NTPC Limited has responded to a rumor verification request regarding potential investment in Clean Core Thorium Energy (CCTE). The company clarified that while it continuously explores investment opportunities, including in both domestic and international markets, and is considering a minority stake in CCTE, no agreement for partnership has been finalized. Any investment decision is subject to due diligence and approvals.
Response to Rumor Verification
NTPC Limited addressed recent speculation regarding a potential investment in Clean Core Thorium Energy (CCTE). The company reiterated its commitment to promptly informing stock exchanges of events or information that could materially impact its securities’ price.
Investment Considerations
NTPC confirmed its ongoing exploration of investment opportunities in both domestic and international markets. As part of this, the company is evaluating a possible minority stake in Clean Core Thorium Energy. It’s important to note that no agreement for partnership with CCTE has been entered into.
Conditions for Investment
NTPC emphasized that any decision regarding investment in Clean Core Thorium Energy will be contingent upon the completion of thorough due diligence and receipt of all necessary statutory and regulatory approvals.
Source: BSE
