Tata Power to set up renewable energy InvIT

Tata Power Limited plans to set up an InvIT for its renewable energy assets and look for investors as part of a broader plan that also involves selling non-core units to slash debt. The company’s board has given in-principle approval to establish an InvIT with the terms and conditions to be discussed with potential investors. As per media reports, Malaysia’s Petronas, Dutch pension fund APG, Canada’s Brookfield Asset Management, Inc. and Abu Dhabi’s Mubadala Investment Company were looking to invest in Tata Power’s InvIT.

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