Tata Power in advanced talks to raise $600-700 million for its renewable energy biz.

Tata Power is in advanced talks with investors, including Canadian Pension Plan Investment Board (CPPIB) as well as Singaporean sovereign fund Temasek Holdings and private equity firm General Atlantic to raise as much as $600-700 million (Rs. 4478 crore - 5225 crore) for the renewable energy business at an equity valuation of around $6-7 billion.

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