Tata Power up 3% as JV wins bid to buy UP power transmission co
NEW DELHI: Tata Power added close to 3 per cent in early trade Thursday as investors expressed optimism after the firm said that its Singapore-based JV Resurgent Power Ventures has won a bid to acquire the stressed asset of South East UP Power Transmission Company through its resolution process under the Insolvency and Bankruptcy Code.
Tata Power did not disclose the bid offered by Resurgent Power Ventures.
