Acquisitions28 Dec 2023, 01:45 am
TATA POWER ACQUIRES 100% EQUITY STAKE IN BIKANER III NEEMRANA II TRANSMISSION LIMITED
AI Summary
Tata Power has acquired 100% equity stake in Bikaner III Neemrana II Transmission Limited, a project special purpose vehicle, for a cash consideration of INR 18,60,53,101/-. The acquisition is in line with the company's strategy to expand its transmission business.,
Key Highlights
- Acquisition of 100% equity stake in Bikaner III Neemrana II Transmission Limited
- Cash consideration of INR 18,60,53,101/-, Expansion of transmission business