Friday, November 20, 2009

Srei consortium buys majority stake in DPSC

India Power Corp Ltd (IPCL), a consortium comprising Srei Infrastructure Finance and Bhaskar Silicon, was Friday selected for picking up a controlling 57.17 percent stake in power utility DPSC Ltd.

The stake was previously held by state-owned diversified company Andrew Yule along with financial institutions like Life Insurance Corp and United India Insurance Co. read more news.

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