Tata Power says Singapore shares pledged with banks, safe from immediate seizure
Summary
The Singapore High Court has directed the city's sheriff to attach and sell Tata Power's shares in Bhira Investments Pte. Ltd. and Tata Power International Pte. Ltd to recover the $650 million it owes Kleros Capital as part of an arbitration award over a coal project in Russia.
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Tata Power says Singapore shares pledged with banks, safe from immediate seizure
The Singapore High Court has directed the city's sheriff to attach and sell Tata Power's shares in Bhira Investments Pte. Ltd. and Tata Power International Pte. Ltd to recover the $650 million it owes Kleros Capital as part of an arbitration award over a coal project in Russia.
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