Tata Power seeks shareholders’ nod to raise authorised share capital
NEW DELHI: Tata Power on Friday sought shareholders’ approval for raising its authorised share capital by Rs 200 crore to Rs 779 crore.
The company has proposed to increase its authorised share capital from Rs 579 crore (divided into 350 crore equity shares of Re 1 each and 2.29 crore cumulative redeemable preference shares of Rs 100 each) to Rs 779 crore by creation of 200 crore equity shares of face value of Re 1 each, it said in a regulatory filing.
The company has also proposed to amend its Memorandum of Association to give effect to increase in its share capital.
