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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 "Tata Power signs Share Purchase Agreement for acquisition of 540 MW coal based thermal power project in Maharashtra."<BR><BR>Tata Power Company Ltd replied to the queries as under:<BR> <BR>1. Estimated cost of acquisition and the period of completion. - "The SPA is subject to adjustments and conditions precedent and, hence, the final consideration will be known only at a later date. " and "4-6 months from SPA signing."<BR><BR>2. Nature of consideration - "Cash consideration"<BR><BR>3. Whether the said acquisition would fall under related party transactions - "The acquisition is not a related party transaction" | |
View all announcements for TATA POWER CO.LTD. | Source: BSE India |