Tata Power Selling Renewable Stake At A 50% Premium - BloombergQuint

Tata Power is selling stake at 15 times the EV-to-Ebidta ratio, a 50% premium to the prevailing 8-10 times in domestic renewables.

Tata Power Co. has agreed to sell stake in its renewable business to a consortium led by the U.S.-based BlackRock Real Assets at a premium to the prevailing industry valuations. The consortium, also… [+1883 chars]

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