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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.

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