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Tata Power International acquires 10% stake in Adjaristsqali Netherlands · Endata

◂ Announcements

Power Generation Equipmentworld trade 2024+2.1% 5Y CAGR

May 20, 2020ACQUISITIONGeorgia (country), Georgia

Tata Power International acquires 10% stake in Adjaristsqali Netherlands

Tata Power International Pte Ltd, a subsidiary of Tata Power, acquired a 10% stake in Adjaristsqali Netherlands BV from IFC for USD 150,000, increasing its shareholding to 50%. ABV owns a 187 MW hydro project in Georgia.

Value

$150K

Status

Completed

Capacity

187 MW

Productshydroelectric power

CompaniesInternational Finance Corporation partner Tata Power International Pte Ltd acquirer Adjaristsqali Netherlands BV target

Sectors#Power Generation Equipment

“Tata Power announced that its subsidiary Tata Power International Pte Ltd(TPIPL) has acquired a 10% stake in Adjaristsqali Netherlands BV(ABV) from the International Finance Corporation(IFC) for USD 150,000”affairscloud.com

1 source
affairscloud.comTata Power International Pte Ltd acquires 10% stake in Adjaristsqali Netherlands BVAC TeamMay 21, 2020

Summarized from public sources; check the original articles before acting on it.

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