Tata Power invests ₹64 cr as third tranche in KHPL acquisition
TATAPOWER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.1 pts more than Nifty 100 and 0.8 pts more than its Power peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Tata Power has invested ₹64 crore as the third tranche toward acquiring 40% equity stake in Khorlochhu Hydro Power Limited (KHPL). The company subscribed to 64 lakh equity shares of ₹100 each. Total investment for the acquisition is around ₹830 crore. Share Purchase Agreement has already been executed.
Progresses the KHPL acquisition; strengthens Tata Power's hydro power portfolio.