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Tata Power's subsidiary to exit South African JV Cennergi for USD 106 million

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Capital Market
Last Updated : Sep 17 2019 | 1:04 PM IST
Tata Power Company announced that its wholly owned subsidiary, Khopoli Investments announced the execution of a Share Purchase Agreement with Exxaro Resources for the divestment of the Company's entire 50% stake in Cennergi, a South African joint venture, for an amount of ZAR 1,550 million (USD 106 million}, subject to normal working capital and other adjustments.

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First Published: Sep 17 2019 | 11:51 AM IST

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