It will also decide on entitlement ratio, issue price, issue size, record date, timing of the rights issue and other related matters.
"Tata Power has said that the duly empowered committee of the Board will meet on March 8, this week to consider and decide upon the terms and conditions of the proposed rights issue," the company said in a stock exchange filing.
It will also decide on entitlement ratio, issue price, issue size, record date , timing of the rights issue and other related matters.
Also read: Tata Power expects to have 5 lakh customers by month-end
Tata Power stock price
On November 24, 2015, Tata Power Company closed at Rs 66.60, down Rs 0.35, or 0.52 percent. The 52-week high of the share was Rs 93.65 and the 52-week low was Rs 55.55.
The company's trailing 12-month (TTM) EPS was at Rs 3.58 per share as per the quarter ended September 2015. The stock's price-to-earnings (P/E) ratio was 18.6. The latest book value of the company is Rs 58.15 per share. At current value, the price-to-book value of the company is 1.15.
READ MORE ON Tata Power Company
Set email alert for
ADS BY GOOGLE
video of the day
Nifty to fall below 7500 if Q3 disappoints; GST key: Kumar