Orbis Power Venture (P) today announced that the fund has acquired 733,085 fully paid up equity shares of the face value of Rs.10/- each of DPSC, one of the country`s oldest power distribution firms representing 17.31% of the share capital of the company at an average price of Rs.709.998 for each share through open market purchase on April 05, 2010.
The acquisition of stake was done by Orbis Power Venture (P) along with SREI Infrastructure Finance (SIFL) and India Power Corporation (IPCL).
Source: My Iris