{"id":361842,"date":"2020-07-08T10:55:40","date_gmt":"2020-07-08T05:25:40","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=361842"},"modified":"2020-07-08T11:30:24","modified_gmt":"2020-07-08T06:00:24","slug":"tata-power-seeks-shareholders-nod-to-raise-rs-2600-crore-from-tata-sons","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/tata-power-seeks-shareholders-nod-to-raise-rs-2600-crore-from-tata-sons\/","title":{"rendered":"Tata Power seeks shareholders&#8217; nod to raise Rs 2,600 crore from Tata Sons"},"content":{"rendered":"<p>Tata Power will seek shareholders&#8217; approval for a proposal to raise Rs 2,600 crore via issuance of preferential shares to its promoter Tata Sons in an annual general meeting (AGM) later this month. <\/p>\n<p>The company has listed a special resolution for the issuance of shares to Tata Sons on a preferential basis in the 101st AGM scheduled for July 30, which stated a regulatory filing. <\/p>\n<p>Earlier this month, Tata Power board approved a proposal to raise Rs 2,600 crore via issuance of preferential shares to Tata Sons. <\/p>\n<p>Under the proposal, about 49.06 crore shares will be allotted to the parent of the salt-to-software group at Rs 53 per share\u2014indicating 15 percent premium to the closing price on July 1.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tata Power will seek shareholders&#8217; approval for a proposal to raise Rs 2,600 crore via issuance of preferential shares to its promoter Tata Sons in an annual general meeting (AGM) later this month. The company has listed a special resolution for the issuance of shares to Tata Sons on a preferential basis in the 101st AGM scheduled for July 30, which stated a regulatory filing. Earlier this month, Tata Power board approved a proposal to raise Rs 2,600 crore via issuance of preferential shares to Tata Sons. Under the proposal, about 49.06 crore shares will be allotted to the parent [&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":[146,130,234],"tags":[],"class_list":["post-361842","post","type-post","status-publish","format-standard","hentry","category-deccan-herald-newspapers","category-newspapers","category-power-deccan-herald-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/361842","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=361842"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/361842\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=361842"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=361842"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=361842"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}