TPREL signs share purchase agreement with IRRJL

Q.  TPREL has signed a share purchase agreement to acquire IRR JL. Which corporate group is the former a wholly owned subsidiary of?
- Published on 11 Mar 16

a. TATA
b. Birla
c. Goenka
d. None of the above

ANSWER: TATA
 
Tata Power Renewable Energy Limited, a completely owned subsidiary of TATA Power on 9th March 2016 signed the share purchase agreement with Indo Rama Renewables Lmt to acquire its 100% subsidiary IRRJL which owns a wind farm in Sangli Maharashtra. Tata power’s total generation capacity will now increase to 9130 MW following the acquisition.

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