TATA POWER TO CREATE COMPREHENSIVE RENEWABLE ENERGY PLATFORM RAISING RS 4,000 CR
Construction Week|May 2022
The Tata Power Company and BlackRock Real Assets-led con-sortium, including Mubadala Investment Company, have entered into a binding agreement to invest in Tata Power’s renewable energy subsidiary, Tata Power Renewable Energy.
TATA POWER TO CREATE COMPREHENSIVE RENEWABLE ENERGY PLATFORM RAISING RS 4,000 CR

BlackRock Real Assets, together with Mubadala, shall invest Rs 4,000 crore by way of equity/ compulsorily convertible instruments 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.

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