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Tata Power Company consolidated net profit rises 89 25% in the June 2021 quarter
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Indian markets expected to open flat - The Hindu BusinessLine
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Both, TPIPL and TERPL, are wholly owned subsidiaries of Tata Power Company.
The company expects to complete the transaction in the next two to three weeks, subject to necessary regulatory approvals, if any. The agreement was signed on 22 July 2021 and the expected date of the completion of sale/disposal is 10 August 2021.
TERPL will continue to remain fully owned subsidiary of TPIPL and will merged into TPIPL in the due course, subject to the regulatory approvals, the company said in a statement.
TERPL s turnover for FY21 was $187 million, which is approximately 4% of the total consolidated turnover of Tata Power Company (TPCL) in FY21.
Key benchmark indices are trading firm in early trade on buying demand in index pivotals. At 9:18 IST, the barometer index, the S&P BSE Sensex, was up 128.55 points or 0.24% at 52,965.76. The Nifty 50 index was up 36.40 points or 0.23% at 15,860.45. Asian stocks are trading mixed.
The S&P BSE Mid-Cap index was up 0.59%. The S&P BSE Small-Cap index was up 0.64%.
The market breadth, indicating the overall health of the market, is strong. On the BSE, 1738 shares rose and 504 shares fell. A total of 70 shares were unchanged.
Stocks in news:
Wipro rose 0.74%. Wipro launched FieldX, a cloud-based end-to-end digital service lifecycle automation solution built on ServiceNow s Now Platform. Using FieldX, manufacturing organizations can enhance and scale-up their after-sales customer service operations while reducing costs.
Shares of Zomato, one of the leading food services platforms in India in terms of value of food sold, will list on the bourses today, 23 July 2021. The issue price is Rs 76 per share.
Wipro launched FieldX, a cloud-based end-to-end digital service lifecycle automation solution built on ServiceNow s Now Platform. Using FieldX, manufacturing organizations can enhance and scale-up their after-sales customer service operations while reducing costs.
Hero MotoCorp on Thursday launched an advanced, connected , and feature-rich new Maestro Edge 125. The new scooter offers a connected and distinctive experience with its enhanced aesthetics, modern technology, and edgy design.
Tata Power Company signed Share Purchase Agreement (SPA) on 22nd July 2021 with Tata Power International Pte. (TPIPL), a wholly owned subsidiary of the company, for sale of 100% equity shares held in Trust Energy Resources Pte (TERPL), another wholly owned subsidiary of the company for a consideration of $285.64 m
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