Tata, ICICI to raise ₹5,500 cr for power plants
Tata Power and ICICI Venture will create a platform company to raise over ₹5,500 crore and facilitate investment in power projects in the next 2-3 years, Tata Power said on Saturday. The sponsors and partner investors will contribute the initial capital investment, which will be used to acquire stake in power generating companies in India, the company added.