MoneyWorks4Me

Tata Power acquires 100% stake in Bikaner III Neemrana II Transmission

28 Dec 2023 Evaluate

Tata Power has signed Share Purchase Agreement and acquired 100% equity stake in Bikaner III Neemrana II Transmission, a project special purpose vehicle. Object of acquisition is to establish and operate Build-Own-Operate-Transfer basis, to provide transmission service. Cost of acquisition is Rs 18.61 crore. The said acquisition process completed on December 27, 2023.

Tata Power Company is India’s largest integrated power company.


Peers
Company Name CMP
NTPC 327.00
Tata Power 361.00
Adani Power 202.35
Power Grid Corpn. 263.50
Adani Energy Solut. 1350.00
View more..