Business Standard

Reliance Power sells SPV to Jharkhand Urja Vikas Nigam

Image

Capital Market

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.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

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

Explore News