Venture Intelligence (TSJ Media Pvt. Ltd.)
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Blackrock, Mubadala looking to invest $700-M in Tata green energy biz
The world's biggest asset manager, BlackRock, and UAE sovereign wealth fund Mubadala Investment Co. are in talks to invest around USD 500 million and USD 200 million, respectively, in a proposed new energy entity being floated by Tata Power Co. Ltd. The new vehicle will house all the renewable energy assets of Tata Power, including hydropower, as well as its transmission and distribution business.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.