Tata Power gets shareholders' nod to raise authorised share capital

Tata Power Company Ltd. | Power Generation/Distribution | Power | BSE: 500400 | NSE: TATAPOWER

25 Jun 2020 Evaluate

Tata Power Company has received shareholders' approval for raising its authorised share capital by Rs 200 crore to Rs 779 crore. The company had proposed to increase its authorised share capital from Rs 579 crore (divided into 350 crore equity shares of Re 1 each and 2.29 crore cumulative redeemable preference shares of Rs 100 each) to Rs 779 crore by creation of 200 crore equity shares of face value of Re 1 each. In order to ensure that the company is adequately capitalised, it is proposed to increase the authorised share capital to Rs 779 crore.

Tata Power Company is India’s largest integrated power company.

Peers

Company Name	CMP
NTPC	329.35
Tata Power	368.30
Adani Power	205.00
Power Grid Corpn.	263.50
Adani Energy Solut.	1382.00
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