{"id":484552,"date":"2022-04-16T11:30:59","date_gmt":"2022-04-16T06:00:59","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=484552"},"modified":"2022-04-16T11:32:42","modified_gmt":"2022-04-16T06:02:42","slug":"blackrock-led-team-to-invest-%e2%82%b94000-crore-in-tatas-renewables-firm","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/blackrock-led-team-to-invest-%e2%82%b94000-crore-in-tatas-renewables-firm\/","title":{"rendered":"BlackRock-led team to invest \u20b94,000 crore in Tata&#8217;s renewables firm"},"content":{"rendered":"<p>BlackRock, the largest asset manager in the world, is leading a \u20b94,000 crore ($525 million) investment in the Tata Group&#8217;s renewables unit, joining hands with Mubadala Investment Co. of the United Arab Emirates (UAE).<\/p>\n<p>BlackRock Real Assets and Mubadala will together own about 10% in Tata Power Renewable Energy Ltd (TPREL) and help India&#8217;s largest conglomerate to expand its foray into clean energy. The final shareholding will range from 9.76% to 11.43% after conversion. The transaction values the company at about \u20b940,000 crore, a little less than half of Tata Power&#8217;s market cap of \u20b987,248.75 crore.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BlackRock, the largest asset manager in the world, is leading a \u20b94,000 crore ($525 million) investment in the Tata Group&#8217;s renewables unit, joining hands with Mubadala Investment Co. of the United Arab Emirates (UAE). BlackRock Real Assets and Mubadala will together own about 10% in Tata Power Renewable Energy Ltd (TPREL) and help India&#8217;s largest conglomerate to expand its foray into clean energy. The final shareholding will range from 9.76% to 11.43% after conversion. The transaction values the company at about \u20b940,000 crore, a little less than half of Tata Power&#8217;s market cap of \u20b987,248.75 crore.<\/p>\n","protected":false},"author":39,"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-484552","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\/484552","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=484552"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/484552\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=484552"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=484552"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=484552"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}