Deals
Tata Power Said to Be in Talks to Buy InterGen Stake
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Tata Power Co., the generating unit of India’s biggest industrial group, is in talks to buy a 50 percent stake in power utility InterGen NV, three people familiar with the discussions said.
The company, based in Mumbai, is negotiating to acquire the stake from GMR Infrastructure Ltd., the people said, declining to be identified because the discussions are confidential. At least four companies are competing for the stake with China Huaneng Group the front-runner, one of the people said. The sale may be announced in the next two months, the person said.