Resurgent Power, co-sponsored by Tata Power and ICICI Bank and has other global reputed investors, was set up to acquire stressed assets in the Indian Power Sector. Tata Power International Pte. Ltd (TPIPL) (a wholly owned subsidiary of Tata Power), ICICI Bank Ltd. (ICICI
Bank) owns 26% stake in Resurgent Power and the balance 74% is held by ICICI Bank and other global investors.