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Resurgent Power Ventures, a joint venture led by Tata Power, agreed to purchase a 75.01% stake in Prayagraj Power Generation Company Limited, which owns the 1,980MW Bara supercritical power plant in Uttar Pradesh, India. The transaction is subject to regulatory approvals.
Lenders of Prayagraj Power Generation Company agreed to divest a 75.01% stake to Resurgent Power Ventures, a Singapore-based joint venture.