E-MAIL FOR SPONSORSHIP

Tata Power Renewable Approves Sale of 83.6 Million Shares to BlackRock Mubadala JV

The allotted shares worth ₹239.22 each aggregate to ₹20 billion

August 19, 2022

/ Gourav Mishra
/ Finance and M&A, Other,
thumbnail

Follow Mercom India on WhatsApp for exclusive updates on clean energy news and insights


A wholly-owned subsidiary of Tata Power, Tata Power Renewable Energy Limited (TPREL), has approved the allotment of 83.6 million equity shares with a face value of ₹10 (~$0.125) each at a price of ₹239.22 (~$2.99) per share, including a premium of ₹229.22 (~$2.87), to support TPREL’s growth plans financially.

Continue Reading with Premium Access

Get unlimited access to in-depth analysis, exclusive interviews, and comprehensive coverage of India's renewable energy sector.

✓Unlimited article access
✓Exclusive market insights
✓Premium research reports
✓Ad-free reading experience
Loading subscription plans...

Already a subscriber? Sign In

thumbnail

Gourav Mishra

More articles from Gourav Mishra.
businessEquityIndiainvestmentrenewablesSharesTata Power
PREVALL POSTSNEXT

Comments

RELATED POSTS

Get the most relevant India solar and clean energy news.

RECENT POSTS