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Deccan Herald » Business » Detailed Story
TPC to raise Rs1200 cr
DH News Service, Mumbai:

 Tata Power Company (TPC) on Wednesday announced that it will issue nearly two crore additional shares and convertible warrants to promoters Tata Sons Ltd to raise around Rs 1,200 crore.
In all, TPC will issue up to 98.94 lakh equity shares and a maximum of 1.03 crore convertible warrants.
Going by its current share price of Rs 610.65 on the BSE, Tata Power could raise more than Rs 1,200 crore through shares and warrants to its promoters. 

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