High Court suspends electricity distribution privatization in Gujarat
Date
March 16, 2021
Type
M&A Transactions
Subtype
Bidders shortlisted
Countries
India
Subsectors
Power Transmission
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The Bombay High Court has suspended the tendering process until April 30, 2021, for the privatization of electricity distribution lines located in union territories of Gujarat namely Dadra Nagar Haveli, Daman, and Diu.
The bid for the stake in the discom was part of the government’s strategy to privatize these utilities to improve efficiency.
