Tata Power buys Karnataka-based transmission co

Tata Power Company has completed acquiring Ryapte Power Transmission Limited. This acquisition involved a full 100% equity stake in the special purpose vehicle. The transaction was an all-cash deal for the transmission project. Tata Power paid ₹10...

Mumbai: Tata Power Company on Thursday said it has signed a share purchase agreement and completed the acquisition of 100% equity stake in Ryapte Power Transmission Limited (RPTL), a special purpose vehicle set up to build, own and operate a major transmission project in Karnataka. The acquisition was an all-cash transaction, with Tata Power paying ₹10.87 crore to acquire full ownership of RPTL.
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Business News › Industry › Energy › Power › Tata Power buys Karnataka-based transmission co
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