Tata Power contemplating an IPO of $473 million for RE business

Tata Power is reportedlyconsidering an initial public offering (IPO) of $473 million for its renewable energy (RE) business.

Thecompany has shlevedits initial plans to seek a partner to invest in its RE business via an investment trust. It is presently planning to seek approval for the IPO from its board. If it receives approval, the proposed listing on the bourses can take place within 2021.

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