SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Tata Power's arm acquires additional 10% stake in ABV

21 May 2020 Evaluate

Tata Power Company’s wholly owned subsidiary -- Tata Power International (TPIPL) has acquired 10% equity stake of Adjaristqali Netherlands B.V. (ABV) from International Finance Corporation (IFC) for a sum of $150,000. This acquisition has been done as per the provisions of the shareholder agreement. Post this acquisition, the company, through TPIPL, holds 50% stake in ABV.

ABV owns 100% stake in Adjaristqali Georgia LLC (AGL) which has developed the 187 MW hydro project in Georgia at a cost of around USD 500 million. It has commissioned 178 MW of the total capacity in March 2020.

Tata Power Company is India’s largest integrated power company with a growing international presence.

Tata Power Share Price

375.25 -1.05 (-0.28%)
03-Jul-2026 16:59 View Price Chart
Peers
Company Name CMP
NTPC 356.30
Tata Power 375.25
Power Grid Corpn. 287.95
Adani Power 221.75
Torrent Power 1367.30
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: