{"id":484682,"date":"2022-04-16T12:26:18","date_gmt":"2022-04-16T06:56:18","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=484682"},"modified":"2022-04-16T12:26:18","modified_gmt":"2022-04-16T06:56:18","slug":"tata-power-raises-rs-4000-crore-to-fund-growth-of-its-renewable-energy-business","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/tata-power-raises-rs-4000-crore-to-fund-growth-of-its-renewable-energy-business\/","title":{"rendered":"Tata Power raises Rs 4,000 crore to fund growth of its renewable energy business"},"content":{"rendered":"<p>NEW DELHI:  Tata Power on Thursday said that its renewable energy arm has raised Rs 4,000 crore from two foreign investment firms~BlackRock and Mubadala to fund the growth of its renewable energy business in India. BlackRock Real Assets, together with Mubadala will invest Rs 4,000 crore by way of equity for a 10.53% stake in Tata Power Renewables, translating to a base equity valuation of Rs 34,000 crore. The final shareholding will range from 9.76 % to 11.43% on final conversion. <\/p>\n<p>\u201cThe Tata Power Company. and BlackRock Real Assets-led consortium, including Mubadala Investment Company, have entered into a binding agreement to invest in Tata Power\u2019s renewable energy subsidiary, Tata Power Renewable Energy Limited,\u201d said the company in a statement.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: Tata Power on Thursday said that its renewable energy arm has raised Rs 4,000 crore from two foreign investment firms~BlackRock and Mubadala to fund the growth of its renewable energy business in India. BlackRock Real Assets, together with Mubadala will invest Rs 4,000 crore by way of equity for a 10.53% stake in Tata Power Renewables, translating to a base equity valuation of Rs 34,000 crore. The final shareholding will range from 9.76 % to 11.43% on final conversion. \u201cThe Tata Power Company. and BlackRock Real Assets-led consortium, including Mubadala Investment Company, have entered into a binding agreement [&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":[130,243,143],"tags":[],"class_list":["post-484682","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-new-indian-express","category-the-new-indian-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/484682","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=484682"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/484682\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=484682"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=484682"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=484682"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}