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Tata group, Adani, CESC may join the race to buy BSES companies

Clouding the valuation will be dues to generation firms and a possible CAG audit

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The total reported company debt is around Rs 14,300 crore at the end of March this year on a consolidated basis, with current liabilities of around Rs 31,000 crore.

Dev Chatterjee Krishna Kant Mumbai

4 min read Last Updated : May 15 2020 | 2:07 AM IST

The Tata group, the Adani group, and CESC are planning to join the race to buy the 51 per cent stake held by Reliance Infrastructure in BSES Rajdhani Power Ltd (BRPL) and BSES Yamuna Power Ltd (BYPL), say investment banking sources.

They will be joining others keen on acquiring the stake in BRPL, the largest power distribution company in New Delhi with over 2.56 million consumers and in BYPL which supplies electricity to around 1.7 million consumers across Central and East Delhi.

“All electricity distribution companies are studying the books currently and trying to weigh the assets and liabilities of both

Topics : BSES Tata Power Adani Power Reliance Infrastructure CESC Greater Noida Delhi power companies Discoms Power generation Power Sector CARE Ratings

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