BlackRock, Inc. (BLK) to Invest $333.6M in India’s Aditya Birla Renewables Limited

Group 1 - BlackRock Inc. is seeking regulatory clearance in India to acquire a stake in Aditya Birla Renewables Limited, indicating its commitment to expanding in the renewable energy sector [1] - The company plans to invest $333.6 million in Aditya Birla Renewables, which operates in solar, wind, and battery storage, owning a portfolio of 4.3GW across 10 Indian states [2] - This investment aligns with India's significant energy transformation and growing demand for renewable energy driven by decarbonization efforts [2] Group 2 - BlackRock confirmed a 6.72% stake in Ireland's Avadel Pharmaceuticals, enhancing its exposure in the healthcare sector [2] - Morgan Stanley has reiterated an Overweight rating on BlackRock, setting a price target of $1,514, reflecting confidence in the company's expansion in private markets and technology solutions [2] - BlackRock is the world's largest asset manager, managing trillions of dollars in assets across various investment vehicles, including stocks, bonds, and real estate [2]