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News Details

Tata Power Co. - Announcement Under Regulation 30 - Updates (Transfer Of 100% Stake Held In Trust Energy Resources Pte Ltd To

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22/07/2021 16:04
The Company has signed Share Purchase Agreement (SPA) on 22nd July 2021 with Tata Power International Pte. Ltd. (TPIPL), a wholly owned subsidiary of the Company, for sale of 100% equity shares held in Trust Energy Resources Pte Ltd (TERPL), another wholly owned subsidiary of the Company for a consideration of $ 285.64 million.

The above transaction is expected to be concluded in the next two to three weeks, subject to necessary regulatory approvals, if any.

TERPL will continue to remain fully owned subsidiary of TPIPL and will be merged into TPIPL in the due course, subject to the regulatory approvals.