BlackRock fund to invest about $225 million in Aditya Birla Renewables
BlackRock's Global Infrastructure Partners will also have a 'greenshoe option' to invest a further ₹1,000 crore in the Indian company, taking the total investment to ₹3,000 crore
 "BlackRock fund to invest about $225 million in Aditya Birla Renewables")
India's Aditya Birla Renewables said on Tuesday that BlackRock's infrastructure fund will invest ₹2,000 crore ($222.50 million) and take a minority stake in the green-energy company.
BlackRock's Global Infrastructure Partners will also have a "greenshoe option" to invest a further ₹1,000 crore in the Indian company, taking the total investment to ₹3,000 crore (about $335 million), Aditya Birla Renewables said.
The investment values the renewable energy company at ₹14,600 crore including debt, the company said in a statement.
Aditya Birla Renewables is a wholly owned unit of India's Grasim Industries Ltd, which is part of the Aditya Birla Group.
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