Friday, 30 March 2018

Tata Power To Sell Defence Biz To TASL For $342 Mn

SOURCE: INDIA.COM As part of plans to monetise its non-core assets to improve the balance sheet, Tata Power Co. Ltd has planned to sell its defence business to Tata Advanced Systems Ltd for 22.30 billion rupees ($342.21 million). Tata Power’s defence unit, Strategic Engineering Division, manufactures and assembles missile launchers, and electronic warfare equipment, night […]

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