{"id":361013,"date":"2020-07-03T11:34:44","date_gmt":"2020-07-03T06:04:44","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=361013"},"modified":"2020-07-03T11:59:24","modified_gmt":"2020-07-03T06:29:24","slug":"tata-power-board-approves-proposal-to-raise-rs-2600-crore","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/tata-power-board-approves-proposal-to-raise-rs-2600-crore\/","title":{"rendered":"Tata Power board approves proposal to raise Rs 2,600 crore"},"content":{"rendered":"<p>Tata Power on Thursday said its board has approved a proposal to raise Rs 2,600 crore through the issuance of preference shares to promoter Tata Sons. Tata Sons\u2019 shareholding will increase from 35.27 per cent to 45.21 per cent after the preferential issue. Consequently, Tata Group\u2019s shareholding will increase in the firm from 37.22 per cent to 46.86 per cent.<\/p>\n<p>\u201cThe board approved the issuance of shares at a price of Rs 53 apiece for Rs 2,600 crore, subject to shareholder approvals,\u201d Tata Power said in a communication to the bourses.<\/p>\n<p>The issue price represents a 15 per cent premium to Wednesday\u2019s closing price.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tata Power on Thursday said its board has approved a proposal to raise Rs 2,600 crore through the issuance of preference shares to promoter Tata Sons. Tata Sons\u2019 shareholding will increase from 35.27 per cent to 45.21 per cent after the preferential issue. Consequently, Tata Group\u2019s shareholding will increase in the firm from 37.22 per cent to 46.86 per cent. \u201cThe board approved the issuance of shares at a price of Rs 53 apiece for Rs 2,600 crore, subject to shareholder approvals,\u201d Tata Power said in a communication to the bourses. The issue price represents a 15 per cent premium [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,245,148],"tags":[],"class_list":["post-361013","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-telegraph","category-the-telegraph"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/361013","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\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=361013"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/361013\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=361013"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=361013"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=361013"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}