Stocks

Tata Power to rope in global investors via InvIT

| Updated on November 28, 2019 Published on November 28, 2019

 

Tata Power Company is looking to sell a stake in its renewable energy portfolio to global investors, its chief executive Praveer Sinha said, according to a Reuters report. The company is examining the option of bringing in global investors through an infrastructure investment trust (InvIT), Sinha said, adding that the funds would help the company reduce debt. It will be a private InvIT, Sinha said, and added that will attract some global players who are long-term investors.

Published on November 28, 2019
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