Tata Power, one of India’s largest integrated power companies, has received an approval for raising funds up to Rs 2,000 crore by way of a rights issue of equity shares of face value of Rs 1 each, subject to all applicable statutory and regulatory approvals. The board of directors at its meeting held on February 27, 2014 has approved for the same.
The terms and conditions of the Rights Issue including the rights entitlement ratio, the issue price, issue size, record date, timing of the Rights Issue and other related matters shall be decided subsequently by a duly constituted Committee of the Board.
Tata Power is India's largest integrated power company with a significant international presence. The Company has an installed generation capacity of 8521 MW in India and a presence in all the segments of the power sector viz. Generation (thermal, hydro, solar and wind), Transmission, Distribution and Trading.
