Tata Power’s renewable arm gets second tranche of Rs 2,000 cr from GreenForest

Tata Power Renewable Energy Limited (TPREL), a subsidiary of The Tata Power Company, has received the second and final round of ₹2,000 crore investment from GreenForest New Energies Bidco Limited (GreenForest). The company has allotted 20 crore compulsorily convertible preference shares (CCPS) at face value of ₹100 each at par totalling ₹2,000 crore on a preferential basis to GreenForest.