{"id":292256,"date":"2019-09-18T04:52:20","date_gmt":"2019-09-18T04:52:20","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=292256"},"modified":"2019-09-18T04:52:20","modified_gmt":"2019-09-18T04:52:20","slug":"tata-power-arm-to-divest-50-stake-in-south-african-joint-venture","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/tata-power-arm-to-divest-50-stake-in-south-african-joint-venture\/","title":{"rendered":"Tata Power arm to divest 50% stake in South African joint venture"},"content":{"rendered":"<p>NEW DELHI: Tata PowerNSE -0.23 % on Tuesday said its arm Khopoli Investments will divests its entire 50% stake in South African joint venture Cennergi for $106 million (around 761 crore). According to a company statement, Cennergi (Pty) Ltd is a 50:50 joint venture between Exxaro Resources and Khopoli Investments, a 100% subsidiary of Tata Power. Exxaro is a leading South African coal producer.<\/p>\n<p>&#8220;Khopoli Investments announced the execution of a share purchase agreement with Exxaro Resources for the divestment of the company&#8217;s entire 50% stake in Cennergi&#8230;for an amount of ZAR (South African Rand ) 1,550 million ($106 million), subject to normal working capital and other adjustments,&#8221; a Tata Power statement said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: Tata PowerNSE -0.23 % on Tuesday said its arm Khopoli Investments will divests its entire 50% stake in South African joint venture Cennergi for $106 million (around 761 crore). According to a company statement, Cennergi (Pty) Ltd is a 50:50 joint venture between Exxaro Resources and Khopoli Investments, a 100% subsidiary of Tata Power. Exxaro is a leading South African coal producer. &#8220;Khopoli Investments announced the execution of a share purchase agreement with Exxaro Resources for the divestment of the company&#8217;s entire 50% stake in Cennergi&#8230;for an amount of ZAR (South African Rand ) 1,550 million ($106 million), [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-292256","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/292256","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=292256"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/292256\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=292256"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=292256"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=292256"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}