{"id":367561,"date":"2020-08-14T10:02:49","date_gmt":"2020-08-14T04:32:49","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=367561"},"modified":"2020-08-14T10:20:47","modified_gmt":"2020-08-14T04:50:47","slug":"tata-power-announces-merger-of-three-wholly-owned-subsidiaries-with-itself","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/tata-power-announces-merger-of-three-wholly-owned-subsidiaries-with-itself\/","title":{"rendered":"Tata Power announces merger of three wholly-owned subsidiaries with itself"},"content":{"rendered":"<p>Tata Power on Wednesday announced that its three wholly-owned subsidiaries, Coastal Gujarat Power Ltd (CGPL), Tata Power Solar Systems (TPSSL) and Af-Taab Investment Company (Af-Taab) are proposed to be merged with the parent company for greater synergies in financing, compliance and oversight. <\/p>\n<p>The company said the merger is part of a strategic initiative to simplify the group holding structure and a broader plan to set the company for future growth through fiscal consolidation and strengthening of balance sheet. Coastal Gujarat Power operates the loss-making power plant in Mundra, Gujarat. <\/p>\n<p>&#8220;The merger aims to achieve the long-term objectives by facilitating efficient use of cash and making available corporate support to the businesses of the said wholly owned subsidiaries as needed,&#8221; the company said.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tata Power on Wednesday announced that its three wholly-owned subsidiaries, Coastal Gujarat Power Ltd (CGPL), Tata Power Solar Systems (TPSSL) and Af-Taab Investment Company (Af-Taab) are proposed to be merged with the parent company for greater synergies in financing, compliance and oversight. The company said the merger is part of a strategic initiative to simplify the group holding structure and a broader plan to set the company for future growth through fiscal consolidation and strengthening of balance sheet. Coastal Gujarat Power operates the loss-making power plant in Mundra, Gujarat. &#8220;The merger aims to achieve the long-term objectives by facilitating efficient [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130],"tags":[],"class_list":["post-367561","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/367561","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=367561"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/367561\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=367561"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=367561"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=367561"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}