Tata Power completes first tranche of Bhutan hydro investment
Tata Power has completed the initial phase of its planned investment in Bhutan’s Khorlochhu Hydro Power Limited (KHPL) by acquiring a 40 per cent equity stake for Rs 1.2 billion, according to the company’s regulatory filing dated July 24. The investment involves the purchase of 12 million equity shares at Rs 100 each. This marks the first tranche of a total of Rs 8.3 billion strategic investment that will be executed over five years. The…