Business

Tata Energy in evolved talks to employ $600-700 million for its renewable energy biz

Tata Power is in advanced talks with investors, including Canadian Pension Plan Investment Board (CPPIB) as well as Singaporean sovereign fund Temasek Holdings and private equity firm General Atlantic to raise as much as $600-700 million (Rs 4478 crore – 5225 crore) for the renewable energy business at an equity valuation of around $6-7 billion.The…

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Tata Energy is in evolved talks with merchants, including Canadian Pension Opinion Funding Board (CPPIB) as effectively as Singaporean sovereign fund Temasek Holdings and deepest equity firm Total Atlantic to employ as much as $600-700 million (Rs 4478 crore – 5225 crore) for the renewable energy industry at an equity valuation of round $6-7 billion.The deal is at an evolved stage and is liable to be concluded within the approaching weeks…
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