Tata Power arm to acquire Welspun Renewables

Tata Power Renewable Energy, a 100 per cent subsidiary of Tata Power, has signed an SPA with Welspun Energy to acquire its subsidiary Welspun Renewables Energy. This acquisition will enable the company to deliver significant value for all stakeholders as most of the assets are revenue generating and operating assets. Tata Power can further enhance value of these assets with its operational experience and financial optimisation. Contact: Tata Power. Tel: 022-6665 8282. Website: www.tatapower.com