It will also decide on entitlement ratio, issue price, issue size, record date, timing of the rights issue and other related matters.
The board committee of Tata Power is meeting on Saturday to finalise on the proposed rights issue to raise Rs 2,000 crore.
Also read: Tata Power expects to have 5 lakh customers by month-end
Tata Power stock price
On July 23, 2014, Tata Power Company closed at Rs 103.05, down Rs 1.3, or 1.25 percent. The 52-week high of the share was Rs 115.25 and the 52-week low was Rs 68.25.
The company's trailing 12-month (TTM) EPS was at Rs 3.53 per share as per the quarter ended March 2014. The stock's price-to-earnings (P/E) ratio was 29.19. The latest book value of the company is Rs 52.69 per share. At current value, the price-to-book value of the company is 1.96.
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