Abu Dhabi’s Mubadala, US-based BlackRock Real Assets invest $525mn in Indian renewable energy firm – Arabian Business

Abu Dhabi’s Mubadala, US-based BlackRock Real Assets invest $525mn in Indian renewable energy firm – Arabian Business

Abu Dhabi-based Mubadala Investment Company (Mubadala) and US-headquartered BlackRock Real Assets will invest $525 million in an Indian renewable energy firm.

This is part of a binding agreement between BlackRock Real Assets-led consortium, including Mubadala, and India’s Tata Power Company Ltd (Tata Power).

As part of the agreement, Black Rock Real Assets together with Mubadala will invest $525 million by way of equity or compulsorily convertible instruments for a 10.53 percent stake in Tata Power Renewables.