Tata Power ac­quires WREPL

Electronics Bazaar - - Industry News -

Tata Power Re­new­able En­ergy Lim­ited (TPREL), an arm of Tata Power, has com­pleted a 100 per cent share pur­chase of Wel­spun Re­new­able En­ergy Pvt Ltd (WREPL) and its sub­sidiaries.

In June this year, Tata Power had an­nounced that TPREL would ac­quire WREPL through a share pur­chase agree­ment (SPA) at an en­ter­prise value of ` 92.49 bil­lion, sub­ject to clos­ing adjustments.

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