{"id":485152,"date":"2022-04-19T09:05:14","date_gmt":"2022-04-19T03:35:14","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=485152"},"modified":"2022-04-19T09:39:37","modified_gmt":"2022-04-19T04:09:37","slug":"tata-powers-renewable-arm-raises-rs-4k-cr-from-blackrock-stk-crashes-7-5","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/tata-powers-renewable-arm-raises-rs-4k-cr-from-blackrock-stk-crashes-7-5\/","title":{"rendered":"Tata Power&#8217;s renewable arm raises Rs 4k cr from BlackRock; stk crashes 7.5%"},"content":{"rendered":"<p>Shares of Tata Power crashed 7.5 per cent to Rs 252 apiece on the BSE on Monday as investors booked profit in the stock, post the company&#8217;s announcement of rasising Rs 4,000 crore for its renewable energy platform. At 12:03 PM, the stock was 5.6 per cent down at Rs 257.7 per share as against a 2.13 per cent decline in the S&amp;P BSE Sensex. <\/p>\n<p>On Thursday, the Tata group&#8217;s 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","protected":false},"excerpt":{"rendered":"<p>Shares of Tata Power crashed 7.5 per cent to Rs 252 apiece on the BSE on Monday as investors booked profit in the stock, post the company&#8217;s announcement of rasising Rs 4,000 crore for its renewable energy platform. At 12:03 PM, the stock was 5.6 per cent down at Rs 257.7 per share as against a 2.13 per cent decline in the S&amp;P BSE Sensex. On Thursday, the Tata group&#8217;s 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. [&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-485152","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\/485152","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=485152"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/485152\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=485152"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=485152"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=485152"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}