Private Equity PE Fund Investments
Blackrock, Mubadala looking to invest $700-M in Tata green energy biz
Source Mint (opens in a new tab)
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.