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Reliance Power sells SPV to Jharkhand Urja Vikas Nigam

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Capital Market
Last Updated : May 17 2018 | 12:31 PM IST

For consideration of Rs 112.64 crore

Reliance Power has transferred its entire holding of 1,49,900 Equity Shares of Rs.10 each, aggregating to Rs 14,99,000/- held in Jharkhand Integrated Power, a Special Purpose Vehicle (SPV) created for development of Tilaiya UMPP, to Jharkhand Urja Vikas Nigam, the Lead Procurer, acting on behalf of Procurers of Tilaiya UMPP.

The company has received a consideration of Rs 112.64 crore.

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First Published: May 17 2018 | 12:01 PM IST

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