{"id":515379,"date":"2022-08-20T09:29:36","date_gmt":"2022-08-20T03:59:36","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=515379"},"modified":"2022-08-20T10:02:01","modified_gmt":"2022-08-20T04:32:01","slug":"tata-power-subsidiary-raises-rs-2000-crore-in-green-energy-push","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/tata-power-subsidiary-raises-rs-2000-crore-in-green-energy-push\/","title":{"rendered":"Tata Power subsidiary raises Rs 2,000 crore in green energy push"},"content":{"rendered":"<p>Tata Power Renewable Energy, a subsidiary of Tata Power, on Thursday said it raised Rs 2,000 crore by issuing 83.6 million equity shares to BlackRock-backed GreenForest New Energies Bidco.<\/p>\n<p>The transaction is part of the Rs 4,000-crore investment announced in April by Tata Power for its green energy business.<\/p>\n<p>The company said that it would offload 10.53 per cent stake in its renewable energy arm to a consortium backed by BlackRock and Mubadala, translating into a base equity valuation of Rs 34,000 crore. The final shareholding would vary between 9.76 per cent and 11.43 per cent upon conversion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tata Power Renewable Energy, a subsidiary of Tata Power, on Thursday said it raised Rs 2,000 crore by issuing 83.6 million equity shares to BlackRock-backed GreenForest New Energies Bidco. The transaction is part of the Rs 4,000-crore investment announced in April by Tata Power for its green energy business. The company said that it would offload 10.53 per cent stake in its renewable energy arm to a consortium backed by BlackRock and Mubadala, translating into a base equity valuation of Rs 34,000 crore. The final shareholding would vary between 9.76 per cent and 11.43 per cent upon conversion.<\/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-515379","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\/515379","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=515379"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/515379\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=515379"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=515379"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=515379"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}