Tata Power to acquire ADB, DEG-backed Welspun Renewables
India's Tata Power has agreed to acquire Welspun Renewables (WREPL), a subsidiary of Welspun Energy backed by the Asian Development Bank (ADB) and German development finance institution DEG.
Tata Power will pay INR92 billion ($1.4 billion) for a 100% stake in WREPL, according to a filing. The company says it is the largest transaction recorded in India's renewable energy sector. The deal will...
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