Business Standard

Tata Power rights issue oversubscribed

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Capital Market

Application money amounts to Rs 3,916.41 crore

Tata Power earlier had offered up to 33,22,30,130 equity shares of face value of Rs 1 each at a price of Rs 60 per equity share for an amount aggregating Rs 1,993.38 crore on a Rights basis to the existing shareholders.

The issue has been oversubscribed 1.96 times and the company has collected an amount of Rs. 3,916.41 crore on application.

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First Published: Apr 21 2014 | 4:09 PM IST

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