Tata Power, India's largest integrated private power player has signed a share purchase agreement (SPA) with BP Alternative Energy Holdings (BP) to purchase their 51% equity and preference shares in the joint venture- Tata BP Solar. On completion of this transaction, Tate Power will own 100% of the company.
The company will be required to obtain necessary approval from the Reserve Bank of India before the transaction is completed. The transaction will also entail a change in control in the company and hence the approval of The Competition Commission of India (CCI) will be required for completing this transaction.
Tata Power and BP have agreed that the company will continue to enjoy access to certain BP technology until 2013. The company and BP will enter into a technology agreement to give effect to this understanding. To provide for a smooth transition in respect of branding and fulfillment of recertification requirements for solar PV modules, Tata Power and BP have agreed for a transition period for product and non-product related rebranding and certification.
Tata BP Solar, the pioneer and market leader in the Indian solar industry, is a joint venture of BP Solar and Tate Power and has a solid track record of managing safety, growth and performance since its start in 1989. The company manufactures solar photovoltaic (PV) cells, solar modules, products and systems at its world class plants in Bangalore.
| Company Name | CMP |
|---|---|
| NTPC | 356.10 |
| Tata Power | 408.45 |
| Power Grid Corp | 325.80 |
| Adani Power | 476.15 |
| Torrent Power | 1583.00 |
| View more.. | |
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
Make an informed decision for Stocks
Invest using an intelligent system with powerful data-driven tools that help you identify opportunities and make informed buy-hold-sell decisions
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Claim your FREE 15-day access to the most practical investing handbook.
Hurry, limited to the first 10 users today!
FREE Become a savvy and confident
stock investor.
Hurry, limited to the first 10 users today!
Download APP
