Tata Power arm Tata Power Renewable Energy on Thursday said it raised around Rs 2,000 crore by issuing 8.36 crore equity shares to BlackRock-backed GreenForest New Energies Bidco, according to a regulatory filing.
Earlier in April this year, BlackRock Real Assets-led consortium, including Mubadala Investment Company, had inked a binding agreement with Tata Power to invest Rs 4,000 crore by way of equity/compulsorily convertible instruments for a 10.53 per cent stake in Tata Power Renewables Energy Ltd, translating to a base equity valuation of Rs 34,000 crore.
The final shareholding will range from 9.76 per cent to 11.43 per cent on final conversion, it had said in April this year.
