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.
This story is from the May 2022 edition of Construction Week.
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This story is from the May 2022 edition of Construction Week.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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