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Tata Power gets nod to issue shares to Tata Sons

03 Jul 2020 Evaluate

Tata Power’s Board of Directors has approved issuance of 49,05,66,037 Equity shares on a preferential basis to Tata Sons for an aggregate consideration of Rs 2,600 crore. The issue price for the Equity shares has been fixed at Rs. 53 per Equity share. The Board of Directors of the Company at its meeting held on July 2, 2020 has approved the same.

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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