Renascent Power to acquire 75% stake in Prayagraj Power Generation
newsdepo.com
The company has signed a Share Purchase Agreement (SPA) with a consortium of lenders led by State Bank of India (SBI) to acquire 75.01 percent stake in PPGCL, which owns and operates a 1,980 MW supercritical power plant in Uttar Pradesh.Renascent Power to acquire 75% stake in Prayagraj Power Generation
The company has signed a Share Purchase Agreement (SPA) with a consortium of lenders led by State Bank of India (SBI) to acquire 75.01 percent stake in PPGCL, which owns and operates a 1,980 MW supercritical power plant in Uttar Pradesh. Read more