BlackRock, Mubadala to invest $526 million in Tata Power's renewable energy unit
India's Tata Power Company said on Thursday that BlackRock Real Assets and Abu Dhabi`s Mubadala Investment Company would invest 40 billion rupees ($525.76 million) in the company`s renewable energy unit for a 10.53% stake
The investment is expected to fund Tata Power Renewable Energy`s aggressive growth plans in the rooftop and electric vehicle charging space in India. Source: Reuters