New Delhi, Mar 26: Tata Power, India's largest integrated power company, announced that the
Company's Board has approved the sale of its shares in Tata Communications and
Panatone Finvest to Tata Sons and its affiliates.
Panatone Finvest holds 30.1 per cent of Tata Communications.
The move is a part of the Company's plan to monetise its non-core assets and improve the balance sheet to set the stage for next phase of growth. The estimated realisation will be about Rs 2,150 crore and is subject to shareholders approval, according to a company statement here on Monday. UNI
The move is a part of the Company's plan to monetise its non-core assets and improve the balance sheet to set the stage for next phase of growth. The estimated realisation will be about Rs 2,150 crore and is subject to shareholders approval, according to a company statement here on Monday. UNI
Post A Comment:
0 comments so far,add yours