Petronas looks to acquire minority stake in Tata Power Renewable Energy
New Delhi: Malaysia’s state-run oil and gas company, Petroliam Nasional Bhd or Petronas is looking to acquire around 10% stake in Tata Power Renewable Energy Ltd (TPREL), said four people aware of the development.
This marquee minority stake sale in TPREL is in addition to Petronas’ interest in investing in Tata Power’ renewable energy infrastructure investment trust (InvIT).
InvITs manage income-generating infrastructure assets, typically offering regular yield to investors and a liquid way to invest in infrastructure projects.
