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Tata Power's arm Tata Power International Pte Ltd (TPIPL) has acquired how much per cent stake in Adjaristsqali Netherlands BV (ABV) from the International Finance Corporation (IFC) for USD 150,000 (about Rs 1.13 crore)?

Tata Power's arm Tata Power International Pte Ltd (TPIPL) has acquired how much per cent stake in Adjaristsqali Netherlands BV (ABV) from the International Finance Corporation (IFC) for USD 150,000 (about Rs 1.13 crore)? Correct Answer 10

  • Tata Power's arm Tata Power International Pte Ltd (TPIPL) has acquired 10% stake in Adjaristsqali Netherlands BV (ABV) from the International Finance Corporation (IFC) for USD 150,000 (about Rs 1.13 crore).
  • The 10 per cent stake acquisition has increased TPIPL's shareholding in ABV to 50 per cent. 
  • This acquisition has been done as per the provisions of the shareholder agreement.

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