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Reliance Power divests holding in SPV for Tilaiya UMPP to JUVNL for Rs 113 crore

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Reliance Power has divested its entire holding in Jharkhand Integrated Power, set up to develop Tilaiya UMPP, to Jharkhand Urja Vikas Nigam Ltd for Rs 112.64 crore.

The Anil Ambani led RPower, in a regulatory filing, said: "The company has transferred its entire holding of 1,49,900 equity shares of Rs 10 each, aggregating to Rs 14,99,000 held in Jharkhand Integrated Power Ltd, a special purpose vehicle (SPV) created for development of Tilaiya UMPP, to Jharkhand Urja Vikas Nigam Ltd, the lead procurer, acting on behalf of procurers of Tilaiya UMPP."

Consideration received from this sale is Rs 112.64 crore, it added.

Shares of Reliance Power were trading 1.95 per cent up at Rs 34 apiece on BSE.

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