Tata Power is planning to seek shareholders nod to amend a scheme of arrangement to keep Tata Power Solar Systems (TPSSL) as an independent entity, contrary to its earlier plan to merge it with itself through a postal ballot notice.
Tata Power had given a postal ballot notice to amend an amalgamation scheme to keep the TPSSL as a separate entity and let it continue as a wholly-owned subsidiary of the company, rather than merging it with the company as envisaged under the composite scheme.
Tata Power Company is India’s largest integrated power company.
