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Renewables InvIT To Help Tata Power Meet Debt-Reduction Target
Tata Power will transfer its renewables assets and part of its liabilities to an infrastructure investment trust..
27 Oct 2020, 07:58 AM IST
Tata Power Ltd. will transfer its renewables assets and part of its liabilities to an infrastructure investment trust, setting it on track to meet its debt-reduction target.The company on July 2 received in-principle board approval to transfer operational assets with 2.6-gigawatt capacity under its wholly-owned arms Tata Power Renewables and Walwhan Renewable Energy to the InvIT to unlock value. That includes the transfer of debt tha...
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