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BlackRock Real Assets, together with Mubadala, shall invest Rs 4,000 crore (~US$ 525 million) by way of equity / compulsorily convertible instruments for a 10.53% stake in Tata Power Renewables.
Tata Power Company said on Thursday a consortium led by BlackRock Real Assets has agreed to invest Rs 4,000 crore (USD 525 million) to acquire 10.53 per cent stake in Tata Power Renewables.
The BlackRock Real Assets-led consortium, including Mubadala Investment Company, will invest Rs 4,000 crore in Tata Power's subsidiary Tata Power Renewables.Tata Power and the consortium have entered into a binding agreement on this.The first ...
BlackRock Real Assets-led consortium, which includes Abu Dhabi's Mubadala Investment Company, has entered into a deal with Tata Power Company to invest $525 million in its renewable energy subsidiary, Tata Power Renewable Energy.