Tata terminates Olympus Capital deal
Tata Power, one of India's leading and most influential energy firms, has terminated its $300 million investment deal with Olympus Capital just six months after the parties – energized by the prospect of the high-stakes deal – brokered the transaction.
In July, Olympus penned a deal to buy $300 million worth of shares in Tata Power's coal special purpose vehicles (SPVs) Bhira Investment Ltd. and Bhivpuri Investment Ltd., taking a 14-15% stake in the...
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