# 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.

- Type: Acquisition
- Announced: 2020-05-20
- Where: Georgia (country), Georgia
- Value: $150K
- Status: completed
- Capacity: 187 MW
- Products: hydroelectric power
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [International Finance Corporation](https://endata.com/companies/12849.md) (partner)
- [Tata Power International Pte Ltd](https://endata.com/companies/47402.md) (acquirer)
- [Adjaristsqali Netherlands BV](https://endata.com/companies/47403.md) (target)

## Sources

- [affairscloud.com](https://affairscloud.com/tata-power-international-pte-ltd-acquires-10-stake-in-adjaristsqali-netherlands-bv/), 2020-05-21: "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"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.