{"id":484426,"date":"2022-04-16T09:20:19","date_gmt":"2022-04-16T03:50:19","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=484426"},"modified":"2022-04-16T10:00:23","modified_gmt":"2022-04-16T04:30:23","slug":"blackrock-led-consortium-to-invest-rs-4000-cr-in-tata-power-renewables","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/blackrock-led-consortium-to-invest-rs-4000-cr-in-tata-power-renewables\/","title":{"rendered":"BlackRock-led consortium to invest Rs 4,000 cr in Tata Power Renewables"},"content":{"rendered":"<p>Tata Power said on Thursday that a BlackRock Real Assets-led consortium, including Mubadala Investment Company, would invest Rs 4,000 crore for a 10.53% stake in the company&#8217;s renewable energy unit. This translates to a base equity valuation of Rs 34,000 crore for Tata Power Renewables, the company said in a stock exchange filing.<\/p>\n<p>The first round of investment is expected to be completed by June and the rest by the end of 2022. The final shareholding will range from 9.76% to 11.43% on final conversion.<\/p>\n<p>The BLK SPV will invest Rs 4,000 crore in two equal tranches of Rs 2,000 crore each: Tranche 1 through equity and Tranche 2 through convertible securities, after 6 months.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tata Power said on Thursday that a BlackRock Real Assets-led consortium, including Mubadala Investment Company, would invest Rs 4,000 crore for a 10.53% stake in the company&#8217;s renewable energy unit. This translates to a base equity valuation of Rs 34,000 crore for Tata Power Renewables, the company said in a stock exchange filing. The first round of investment is expected to be completed by June and the rest by the end of 2022. The final shareholding will range from 9.76% to 11.43% on final conversion. The BLK SPV will invest Rs 4,000 crore in two equal tranches of Rs 2,000 [&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":[135,130,232],"tags":[],"class_list":["post-484426","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/484426","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=484426"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/484426\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=484426"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=484426"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=484426"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}