Tata Power: Updates on rights issue

Tata Power Company has informed that the Committee for Rights Issue, at its meeting held on March 08, 2014 has decided on the terms for the Rights Issue, which is proposed to open on or prior to March 31, 2014.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney SME Special
moneycontrol.com

Home » News » Announcements

Mar 10, 2014, 09.29 AM | Source: Moneycontrol.com

Tata Power: Updates on rights issue

Tata Power Company has informed that the Committee for Rights Issue, at its meeting held on March 08, 2014 has decided on the terms for the Rights Issue, which is proposed to open on or prior to March 31, 2014.

Like this story, share it with millions of investors on M3

Tata Power: Updates on rights issue

Tata Power Company has informed that the Committee for Rights Issue, at its meeting held on March 08, 2014 has decided on the terms for the Rights Issue, which is proposed to open on or prior to March 31, 2014.

Post Your Comments

Share Cancel

Tata Power Company Ltd has informed BSE that the Committee for Rights Issue, at its meeting held on March 08, 2014 has decided on the following terms for the Rights Issue, which is proposed to open on or prior to March 31, 2014:1. Rights Issue Size: 33,22,30,130 Equity Shares with a face value of Rs. 1/- each (“Rights Equity Shares”);2. Rights Entitlement Ratio: 7:50, i.e. an Eligible Equity Shareholder will be entitled to apply for 7 Rights Equity Shares for every 50 Equity Shares held by such Eligible Equity Shareholder as on the Record Date.3. Rights Issue Price: Rs. 60/- per Rights Equity Share.4. Terms of payment: The entire Rights Issue Price, i.e. Rs. 60/-, shall be payable on application, of which Rs. 1 shall be applied towards the face value of each Rights Equity Share and Rs. 59/- shall be applied towards the share premium.5. Timing of the Rights Issue: The issue opening date for the Rights Issue shall be no later than March 31, 2014. The Rights Issue shall remain open for a minimum period of 15 days; provided that the Committee for Rights Issue in consultation with the Lead Managers may extend the period of the Rights Issue for such further period as may be deemed fit, subject however that in no event would the issue remain open for a period exceeding 30 days.Source : BSE

Read all announcements in Tata Power

Ads by Google

Buy, Hold, Sell ? Hear it first on M3
Tata Power: Updates on rights issue

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login