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Tata Group Is Said To Be In Talks To Buy Out Investors In Resurgent Power

  • Tata Group is in talks to buy out other shareholders in Resurgent Power Ventures Pte, including ICICI Venture, KIA, and OIA.
  • The shareholders are seeking a valuation of about $2.1 billion for the whole company, including debt.
  • Resurgent Power's portfolio includes a stake in Prayagraj Power Generation Co. and other power transmission operators in northern India.
  • Discussions are ongoing, and there is no certainty that an agreement will be reached.

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