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 September 03, 2014, at 11:30 hrs Tata Power Company was quoting at Rs 90.05, up Rs 0.95, or 1.07 percent. The 52-week high of the share was Rs 115.25 and the 52-week low was Rs 67.36.
The company's trailing 12-month (TTM) EPS was at Rs 3.15 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 28.59. 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 1.71.
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