Tata Power’s Subsidiary Acquires 10% Stake in Netherland’s Hydro Developer ABV

ABV owns Adjaristqali Georgia LLC which has developed a 187 MW hydro project in Georgia

May 21, 2020

/ Anjana Parikh
/ Finance and M&A, Other
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Tata Power International Pte Ltd (TPIPL), a wholly-owned subsidiary of Tata Power Company Limited, has acquired a 10% equity stake in Adjaristqali Netherlands B.V. (ABV) from International Finance Corporation (IFC), the financial arm of the World Bank Group.

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Anjana Parikh

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AcquisitionBSE FilingHydroStakesubsidiaryTata Power
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