Tata Power enters into share purchase agreement

For sale of shares held in Panatone and Tata Communications

Tata Power has on 23 March 2018 signed the following share purchase agreements -

1. with Tata Sons for sale of 590,882,000 equity shares in Panatone Finvest, representing 39.985% in Panatone for Rs 1542.61 crore.

2. with Panatone for sale of 13,396,200 equity shares in Tata Communications, representing 4.7% in Tata Communications for Rs 613.46 crore.

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