Tata Power Company has completed the purchase of 51% equity shares of Tata BP Solar India on June 28, 2012, which was held by BP Alternative Energy Holdings. Pursuant to this, Tata BP Solar India is now a wholly owned subsidiary of the company.
Last year in December, Tata Power had signed a share purchase agreement with BP Alternative Energy Holdings to purchase their 51% equity and preference shares in the joint venture- Tata BP Solar India.
Tata Power is India's largest integrated private sector power utility with an installed generation capacity of 5297 MW and a presence in all the segments of the power sector viz. generation (thermal, hydro, solar and wind), transmission, distribution and trading.
