{"id":360973,"date":"2020-07-03T11:33:18","date_gmt":"2020-07-03T06:03:18","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=360973"},"modified":"2020-07-03T11:33:18","modified_gmt":"2020-07-03T06:03:18","slug":"tata-power-to-raise-rs-2600-crore-from-tata-sons-to-de-leverage-its-balance-sheet","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/tata-power-to-raise-rs-2600-crore-from-tata-sons-to-de-leverage-its-balance-sheet\/","title":{"rendered":"Tata Power to raise Rs 2,600 crore from Tata Sons to de-leverage its balance sheet"},"content":{"rendered":"<p>Tata Sons will infuse Rs 2,600 crore into Tata Power to help the power generator de-leverage its balance sheet. The board of Tata Power on Thursday approved a preferential issue at Rs 53 per equity share, 15% higher than Wednesday\u2019s closing price, which will increase the promoter\u2019s shareholding by around 10 percentage points to 45.21%<\/p>\n<p>The board also approved, in-principle, an infrastructure investment trust (InvIT) from the company\u2019s renewable energy portfolio. Tata Power shares closed at Rs 49.85 on the BSE, on Thursday, up 8.4% from a day ago.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tata Sons will infuse Rs 2,600 crore into Tata Power to help the power generator de-leverage its balance sheet. The board of Tata Power on Thursday approved a preferential issue at Rs 53 per equity share, 15% higher than Wednesday\u2019s closing price, which will increase the promoter\u2019s shareholding by around 10 percentage points to 45.21% The board also approved, in-principle, an infrastructure investment trust (InvIT) from the company\u2019s renewable energy portfolio. Tata Power shares closed at Rs 49.85 on the BSE, on Thursday, up 8.4% from a day ago.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,240,138],"tags":[],"class_list":["post-360973","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/360973","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=360973"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/360973\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=360973"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=360973"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=360973"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}