The Tata Power Company Limited cancelled the acquisition of Ideal Energy Projects Limited.
The Tata Power Company Limited (BSE:500400) cancelled the acquisition of Ideal Energy Projects Limited on January 22, 2016. The acquisition was subject to fulfillment of certain conditions precedent. Tata Power made all efforts to arrive a workable solution to salvage a stressed asset along key stakeholders. However, the stakeholders could not conclude, leading to a non-fulfillment of the aforesaid conditions precedent.