The Tata Power Company Ltd allots 49,05,66,037 Equity Shares to Tata Sons

The Tata Power Company Ltd has today approved allotment of 49,05,66,037 Equity Shares at a price of Rs. 53 per Equity Share to Tata Sons, aggregating to Rs. 2,600 crore.

Pursuant to the allotment of the Equity Shares, the paid-up share capital of the Company stands increased from Rs. 270.48 crore to Rs. 319.53 crore.

Shares of TATA POWER CO.LTD. was last trading in BSE at Rs.56.1 as compared to the previous close of Rs. 52.95. The total number of shares traded during the day was 5048986 in over 10914 trades.

The stock hit an intraday high of Rs. 57.85 and intraday low of 52.65. The net turnover during the day was Rs. 281556928.

Source : Equity Bulls

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