Tata Power takes 11% stake in Geodynamics

The shares will be acquired by Tata Power at an issued price of Aus$1.50 (US$1.20) per share, entailing a total investment of Aus$44.1 million (US$37m).
 
Geodynamics has geothermal exploration interests in three Australian states including the license to explore 2000sq. km in the Cooper Basin.

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