India’s Tata Power Company Ltd, the power generation arm of the salt-to-software Tata group, wants to sell a stake in its renewable energy portfolio to global investors, its chief executive Praveer Sinha told Reuters.
The company is examining the option of bringing in global investors through an infrastructure investment trust, commonly called an InvIT, Sinha said, adding the funds would help the company reduce debt.
“It will be a private InvIT in the sense that there will be some global players who are long term investors,” Sinha said.
An InvIT is an investment scheme like a mutual fund where a sponsor can accept investments from institutional and individual investors.
