Tata Power, DLF, Reliance Infrastructure and CESC have expressed interest in acquiring 57.17% stake in West Bengal-based power company Dishergarh Power Supply Ltd (DPSC). The stake is being offered by Andrew Yule & Co, United India Insurance and LIC, and is part of the revival package of state-owned Andrew Yule.
Andrew Yule expects to fetch approx. Rs. 60 crore from sale of its 15% stake in DPSC, thus valuing it at Rs. 400 crore. DPSC clocked a net profit last fiscal after a gap of almost 7 years, on a turnover of Rs. 146.68 crore. The Rs 8.61 crore bottomline was impressive, as against a loss of Rs. 90 crore posted the previous fiscal.
Deloitte & Touche is handling the technicalities of the disinvestment process.
No comments:
Post a Comment