Well Spun! Sale of Solar and Wind Energy assets. Ciao, Tata Buy.

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picture courtesy: EconomicTimes.com
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picture courtesy: EconomicTimes.com

These days the Renewal Energy sector doesn’t appear particularly rosy, though none can argue about its long term potential and prospects.
In such a climate, Tats Power has boldly bid and has emerged highest amongst all the bidders/competitors to clinch the first place. Credit also to the seller for having spun this bid well and got Tata Power to give it an high evalauation. while peers trade at about 1.4 times book value, Wellspun has got about 1.8 times!
Well Spun! Sale of Solar and Wind Energy assets. Ciao, Tata Buy.

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