{"id":447529,"date":"2021-11-05T10:56:02","date_gmt":"2021-11-05T05:26:02","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=447529"},"modified":"2021-11-05T12:05:00","modified_gmt":"2021-11-05T06:35:00","slug":"blackrock-looks-to-power-tata-powers-green-business-2","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/blackrock-looks-to-power-tata-powers-green-business-2\/","title":{"rendered":"BlackRock looks to power Tata Power&#8217;s green business"},"content":{"rendered":"<p>The biggest green warrior on Wall Street might soon partner with one of India&#8217;s most trusted conglomerates. BlackRock chairman and CEO Larry Fink is closing in on an investment of $500-750 million (\u20b93,750-5,625 crore) in Tata Power NSE 1.11 % Renewable Energy Ltd (TPREL), said people with knowledge of the matter. That will value the subsidiary of listed Tata Power at around $5 billion (around \u20b935,000 crore), said people aware of the development. Fink was among the earliest champions of climate change and sustainability linked investment; BlackRock is the world&#8217;s largest asset manager. <\/p>\n<p>ET was the first to report, on September 22, about Tata Power restarting capital-raising plans, mandating investment bank Moelis, nearly six months after pulling out of talks with Malaysian state-owned energy giant Petronas for a potential $2 billion investment.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The biggest green warrior on Wall Street might soon partner with one of India&#8217;s most trusted conglomerates. BlackRock chairman and CEO Larry Fink is closing in on an investment of $500-750 million (\u20b93,750-5,625 crore) in Tata Power NSE 1.11 % Renewable Energy Ltd (TPREL), said people with knowledge of the matter. That will value the subsidiary of listed Tata Power at around $5 billion (around \u20b935,000 crore), said people aware of the development. Fink was among the earliest champions of climate change and sustainability linked investment; BlackRock is the world&#8217;s largest asset manager. ET was the first to report, on [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,239,136],"tags":[],"class_list":["post-447529","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/447529","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=447529"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/447529\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=447529"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=447529"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=447529"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}