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Tata Power subsidiary to acquire stake in Prayagraj Power Generation Company Tata Power subsidiary to acquire stake in Prayagraj Power Generation Company

Tata Power subsidiary to acquire stake in Prayagraj Power Generation Company

DSIJ Intelligence 0 1980 Article rating: 4.0

The company's JV Resurgent Power, through it's subsidiary Renascent Power, has agreed to acquire 75.01 per cent equity stake in Prayagraj Power Generation Company Limited (PPGCL). The deal is part of stressed asset resolution process initiated by PPGCL's lenders.

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