Tata Consultancy Services Ltd (TCS) is now mulling a reduction of its stake in the Rs 50-crore equity of National Power Exchange (NPEX) from the present 50 per cent to 16.66 per cent.
According to shareholders agreement, TCS is required to prune its majority shareholding before commencement of business, according to sources.
Other promoter-partners in the joint venture NPEX are National Thermal Power Corporation (NTPC), National Hydroelectric Power Corporation (NHPC) Ltd and Power Finance Corporation Ltd.
Friday, August 7, 2009
TCS to reduce stake in NPEX to 17%
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment