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
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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.

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Gourav Mishra

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businessEquityIndiainvestmentrenewablesSharesTata Power
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