Tata Powers subsidiary to exit South African JV Cennergi for USD 106 million

Tata Powers subsidiary to exit South African JV Cennergi for USD 106 million

Sep 17, 2019 06:09 IST capital market

Tata Power Company announced that its wholly owned subsidiary, Khopoli Investments announced the execution of a Share Purchase Agreement with Exxaro Resources for the divestment of the Companys entire 50% stake in Cennergi, a South African joint venture, for an amount of ZAR 1,550 million (USD 106 million}, subject to normal working capital and other adjustments.

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