{"id":484538,"date":"2022-04-16T10:00:58","date_gmt":"2022-04-16T04:30:58","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=484538"},"modified":"2022-04-16T11:28:34","modified_gmt":"2022-04-16T05:58:34","slug":"tata-renewable-arm-raises-rs-4000-crore-from-blackrock-others","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/tata-renewable-arm-raises-rs-4000-crore-from-blackrock-others\/","title":{"rendered":"Tata renewable arm raises Rs 4,000 crore from BlackRock, others"},"content":{"rendered":"<p>The Tata group\u2019s power unit on Thursday said it was raising Rs 4,000 crore (or $525 million) from a consortium of investors, including BlackRock and Mubadala, to scale up its renewable energy business. The investor group will get a 10.53 per cent stake in Tata Power Renewable Energy for the money injected by way of equity and compulsorily convertible instruments, Tata Power said.<\/p>\n<p>The company has entered into a binding agreement with the Blackrock-led consortium to invest in the subsidiary at a base valuation of Rs 34,000 crore ($ 4.5 billion). The objective, it said, was to create a comprehensive energy platform.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Tata group\u2019s power unit on Thursday said it was raising Rs 4,000 crore (or $525 million) from a consortium of investors, including BlackRock and Mubadala, to scale up its renewable energy business. The investor group will get a 10.53 per cent stake in Tata Power Renewable Energy for the money injected by way of equity and compulsorily convertible instruments, Tata Power said. The company has entered into a binding agreement with the Blackrock-led consortium to invest in the subsidiary at a base valuation of Rs 34,000 crore ($ 4.5 billion). The objective, it said, was to create a comprehensive [&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-484538","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\/484538","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=484538"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/484538\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=484538"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=484538"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=484538"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}