MoneyWorks4Me

Tata Power Company acquires 100% stake in ERES-XXXIX Power Transmission

15 Nov 2024 Evaluate

Tata Power Company has signed the Share Purchase Agreement (SPA) and acquired 100% equity stake in ERES-XXXIX Power Transmission (ERES-XXXIX), a special purpose vehicle (SPV). The objective of acquisition is to establish and operate Build-Own-Operate Transfer basis for providing transmission service. The cost of acquisition is Rs 18.56 crore. 

Tata Power Company is India’s largest integrated power company. It is a pioneer credited with steering the energy sector on technology, process and platform.


Tata Power Share Price

375.65 -2.55 (-0.67%)
20-Aug-2026 15:35 View Price Chart
Peers
Company Name CMP
NTPC 338.00
Tata Power 375.65
Power Grid Corpn. 265.25
Adani Power 203.50
Torrent Power 1251.70
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: