MUMBAI, Sept 24 Shares of India's Tata Power
erased earlier gains of as much as 4.5 percent on
Monday as Bumi Resources, with which Tata co-owns two
mines in Indonesia, is facing an investigation over potential
financial and other irregularities.
Coal miner Bumi Plc said on Monday it started an
investigation into alleged wrongdoing at PT Bumi Resources, in
which the London-listed coal miner owns a 30 percent stake.
Bumi Resources owns a 70 percent stake in Indonesian mines
KPC and Arutmin, which run Indonesia's richest coal mines. Tata
Power owns the remaining 30 percent.
Tata Power shares were down 0.1 percent as of 0824GMT.
(Reporting by Rafael Nam; Editing by Matt Driskill)