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Tata Power gets nod to sell its stakes in Tata Communications, Panatone Finvest

26 Mar 2018 Evaluate

Tata Power’s board has approved the sale of its shares in Tata Communications and Panatone Finvest to Tata Sons and its affiliates. Panatone Finvest holds 30.1% of Tata Communications.

The move is a part of the company’s plan to monetize its non-core assets and improve the balance sheet to set the stage for next phase of growth. The estimated realisation will be about Rs 2150 crore and is subject to shareholders’ approval.

Tata Power is India’s largest integrated power company with a growing international presence. The Company together with its subsidiaries and jointly controlled entities has an installed gross generation capacity of 10757 MW and a presence in all the segments of the power sector.

Tata Power Share Price

433.00 -3.00 (-0.69%)
11-May-2026 10:04 View Price Chart
Peers
Company Name CMP
NTPC 404.20
Tata Power 433.00
Adani Power 221.70
Power Grid Corp 311.95
Torrent Power 1701.85
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