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TATA POWER CO.LTD. - Tata Power Company Ltd reply to Clarification sought by Exchange
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11 Dec 2014
The Exchange has sought clarification from Tata Power Company Ltd with respect to disclosure dated December 10, 2014 titled &quot;Tata Power signs Share Purchase Agreement for acquisition of 540 MW coal based thermal power project in Maharashtra.&quot;&lt;BR&gt;&lt;BR&gt;Tata Power Company Ltd replied to the queries as under:&lt;BR&gt; &lt;BR&gt;1. Estimated cost of acquisition and the period of completion. - &quot;The SPA is subject to adjustments and conditions precedent and, hence, the final consideration will be known only at a later date. &quot; and &quot;4-6 months from SPA signing.&quot;&lt;BR&gt;&lt;BR&gt;2. Nature of consideration - &quot;Cash consideration&quot;&lt;BR&gt;&lt;BR&gt;3. Whether the said acquisition would fall under related party transactions - &quot;The acquisition is not a related party transaction&quot;
View all announcements for TATA POWER CO.LTD. Source: BSE India