Tata Power gets nod to issue shares to Tata Sons
3rd Jul 2020

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.