You are here: Home » News-CM » Companies » News
Business Standard

Tata Power's arm acquires additional 10% stake in Adjaristqali Netherlands B.V.

Topics
Business Finance

Capital Market 

Tata Power Company announced that its wholly owned subsidiary, Tata Power International has acquired 10% equity stake Adjaristqali Netherlands B. V. from International Finance Corporation (IFC) for a sum of USD 150,000.

This acquisition has been done as per the provisions of the shareholder agreement. Post this acquisition, the Company, through TPIPL, holds 50% stake in ABV.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, May 20 2020. 17:12 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU