Tata Power inks pact to sell EEPL to Trust Energy for $10.19 million

Tata Power’s arm Coastal Gujarat Power Limited (CGPL) has signed a share purchase agreement with Trust Energy Resources Pte Limited, another wholly owned subsidiary of Tata Power, to sell its 100 per cent equity stake in Energy Eastern Pte Limited (EEPL) for $10.19 million. EEPL is a wholly owned subsidiary of CGPL. The transaction will fall within related party transactions and is done on an arm’s length basis.