India’s largest private sector-integrated power company Tata Power, which is tackling a high debt burden, is in the fundraise mode and is exploring options to monetize its renewable energy assets through the infrastructure investment trust ( InvIT) route, multiple sources with knowledge of the matter told Moneycontrol.
InvITS are instruments which work like mutual funds and enable direct investment of money from individual and institutional investors in infrastructure projects to earn a small portion of the income as return. Under Sebi norms, both public & private InvIT’s can be listed.
“The company is exploring the InvIT route for select renewable energy assets and has initiated preliminary discussions for the same with advisors and Tata Sons, though a final call has not been taken.
If the green signal is given, the company may look at raising a minimum of Rs 4,000 crores via this route,” said one of the sources. Read more
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