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BlackRock, Mubadala to Invest ₹40 billion in Tata Power’s Renewables Arm for a 10% Stake

The first round of capital infusion is likely to be completed by June this year

April 14, 2022

/ B.S. Nagaraj
/ Finance and M&A, Other
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Tata Power and BlackRock Real Assets-led consortium, including Mubadala Investment Company, have entered into a binding agreement to invest in Tata Power’s green subsidiary, Tata Power Renewable Energy Limited. BlackRock and Mubadala will invest ₹40 billion (~$525 million) in equity or compulsorily convertible instruments for a 10.53% stake in Tata Power Renewables.

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B.S. Nagaraj

More articles from B.S. Nagaraj.
BlackRockEVMubadalarenewablesTata Power
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