BlackRock and Mubadala Get a Chunk of Tata Power Renewable Energy

Posted on 04/14/2022

BlackRock Real Assets (unit of BlackRock Inc.) and Abu Dhabi-based Mubadala Investment Company plan to invest 40 billion INR (US$ 525.8 million) in Tata Power Renewable Energy Limited, Tata Power Company Limited’s renewable unit. Both investors would snag a total 10.53% stake through equity and compulsorily convertible instruments. The final shareholding will range from 9.76%…

Get News, People, and Transactions, Delivered to Your Inbox