India: Tata-backed PE firm Resurgent acquires 75% stake in Prayagraj Power

India: Tata-backed PE firm Resurgent acquires 75% stake in Prayagraj Power

Photo: Reuters

Resurgent Power Ventures, a private equity firm owned by Tata Power and ICICI Venture, has won the bid to acquire a 75.01% stake in Prayagraj Power Generation Co. Ltd (PPGCL), according to an announcement on Wednesday.

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