13.06.2016 15:19:00

Tata Power Company Limited (The) -- Moody's comments on Tata Power's acquisition announcement

Singapore, June 13, 2016 -- Moody's Investors Service notes Tata Power Ltd's (TPC) announcement that it has signed a share purchase agreement with Welspun Renewables Energy Pvt Ltd (unrated) to acquire its renewable energy assets with a total capacity of approximately 1.1 Gigawatt (GW) for an Enterprise Value of INR 92.5 billion.

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