GreenForest holds 6.06 per cent equity in TPREL and on conversion of the above CCPS, it will hold 9.76-11.43% stake in TPREL, subject to the equity valuation on final conversion Tata Power Renewable Energy Ltd (TPREL) has received an investment of Rs 2,000 crore from GreenForest New Energies Bidco with allotment of 20 crore preference […]
Tata Power Renewable raises Rs 2,000 crore by issuing 8.36 crore shares to BlackRock-backed firm – EQ Mag Pro
Earlier in April this year, BlackRock Real Assets-led consortium, including Mubadala Investment Company, had inked a binding agreement with Tata Power to invest Rs 4,000 crore. Tata Power arm Tata Power Renewable Energy on Thursday said it raised around Rs 2,000 crore by issuing 8.36 crore equity shares to BlackRock-backed GreenForest New Energies Bidco, according […]
CCI approves Greenforest New Energies’ stake buy in Tata Power Renewable – EQ Mag Pro
New Delhi : The Competition Commission has approved the purchase of stake in Tata Power Renewable Energy Ltd (TPREL) by Greenforest New Energies Bidco. The proposed combination relates to the acquisition of up to 11.43 per cent stake in TPREL by Greenforest New Energies Bidco, an investment vehicle jointly run by BlackRock and Mubadala Investment […]
Brookfield may invest upto $700 million in Tata Power renewable InvIT
N Chandrasekaran, chairman, Tata group told the shareholders at the recent annual general meeting that the company would reduce its gross debt to Rs 25,000 crore from Rs 48,000 crore Canadian fund Brookfield Renewable Partners is in talks to invest up to $700 million in the renewable power investment trust (InvIT) of Tata Power Company […]