HomeNewsBusinessCompaniesTata Power Ends $300M PE Fund-Raising With Olympus Capital

Tata Power Ends $300M PE Fund-Raising With Olympus Capital

Tata Power Ends $300M PE Fund-Raising Deal With Olympus Capital

January 03, 2011 / 14:16 IST

Tata Power has terminated its deal to raise $300 million by selling around 15% stake in two separate special purpose vehicles that own Indonesian coal mines to private equity firm Olympus Capital. The deal would have marked one of the biggest PE funding deal involving Tata Group and the money was likely to be used to part retire debt on the books of the entities.

first published: Jan 3, 2011 02:07 pm

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