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Tata Power rises on acquiring 100% stake in Bikaner III Neemrana II Transmission

29 Dec 2023 Evaluate

Tata Power Company is currently trading at Rs. 330.80, up by 1.20 points or 0.36% from its previous closing of Rs. 329.60 on the BSE.

The scrip opened at Rs. 330.40 and has touched a high and low of Rs. 335.85 and Rs. 326.10 respectively. So far 1271601 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 346.90 on 20-Dec-2023 and a 52 week low of Rs. 182.45 on 28-Mar-2023.

Last one week high and low of the scrip stood at Rs. 335.85 and Rs. 321.75 respectively. The current market cap of the company is Rs. 106021.37 crore.

The promoters holding in the company stood at 46.86%,while Institutions and Non-Institutions held 26.02% and 27.12% respectively.

Tata Power has signed Share Purchase Agreement and acquired 100% equity stake in Bikaner III Neemrana II Transmission, a project special purpose vehicle. Object of acquisition is to establish and operate Build-Own-Operate-Transfer basis, to provide transmission service. Cost of acquisition is Rs 18.61 crore. The said acquisition process completed on December 27, 2023.

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

Tata Power Share Price

433.20 5.75 (1.35%)
20-Apr-2026 15:27 View Price Chart
Peers
Company Name CMP
NTPC 397.75
Tata Power 433.20
Adani Power 199.20
Power Grid Corp 319.40
Torrent Power 1606.25
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