India’s Tata Power may sell up to 30% of its renewables arm in a debt-reduction exercise, according to local reports.
A stake sale is one of several options under consideration by the generation group for its Tata Power Renewable Energy (TPRE) arm, said the Business Standard.
TPRE leapt to the front rank of India’s renewable energy sector last June when it acquired Welspun Renewables in a deal that gave the latter an enterprise value of about $1.4bn.
The
