{"id":484659,"date":"2022-04-16T12:15:22","date_gmt":"2022-04-16T06:45:22","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=484659"},"modified":"2022-04-16T12:15:22","modified_gmt":"2022-04-16T06:45:22","slug":"tata-power-arm-raises-rs-4000-crore-from-blackrock-mubadala-renewable-platform-to-be-one-of-the-largest","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/tata-power-arm-raises-rs-4000-crore-from-blackrock-mubadala-renewable-platform-to-be-one-of-the-largest\/","title":{"rendered":"Tata Power arm raises Rs 4,000 crore from Blackrock, Mubadala; Renewable platform to be one of the largest"},"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 its renewable energy arm, under a binding agreement. The move is in sync with the Tata Group\u2019s aim to more than quadruple its renewable energy portfolio to 20 giga watt (GW) from 4.9 GW at present.<\/p>\n<p>The investment, via equity\/compulsorily convertible instruments, would translate to a base equity valuation of Rs 34,000 crore. The first round of funds infusion by the investors is expected to be completed by June 2022 and the rest by the end of 2022. Post-conversion, the final shareholding will range from 9.76% to 11.43%.<\/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 its renewable energy arm, under a binding agreement. The move is in sync with the Tata Group\u2019s aim to more than quadruple its renewable energy portfolio to 20 giga watt (GW) from 4.9 GW at present. The investment, via equity\/compulsorily convertible instruments, would translate to a base equity valuation of Rs 34,000 crore. The first round of funds infusion by the investors is expected to be completed by June 2022 and the rest by the [&hellip;]<\/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":[130,240,138],"tags":[],"class_list":["post-484659","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/484659","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=484659"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/484659\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=484659"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=484659"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=484659"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}