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Tata Power may sell cross-holdings after Mundra tariff order
25-Apr-2017

Tata Power would consider selling non-core assets to support the Mundra plant following a Supreme Court ruling against compensatory power tariffs, it told investors on Monday. The non-core assets included cross-holdings at the Tata group level, the company added. Tata Power holds stakes in seven listed companies of the group, including Nelco, Tata Communications and Voltas. It also has a stake in the unlisted Tata Teleservices. Analysts said Tata Power’s valuation per share reflected Rs 12-15 invested in the telecom business and Rs 6-7 invested in the other businesses.

News Source:- http://www.business-standard.com/article/companies/tata-power-may-sell-cross-holdings-over-mundra-tariff-order-117042401139_1.html