Tata Power Company Ltd has proposed to raise up to Rs 2,000 crore through a rights issue.
However, the issue timing, price etc are yet to be decided.
In a communication to the stock exchanges, the company said that its board of directors on February 27 approved raising of up to Rs 2,000 crore by way of a rights issue subject to all approvals.
It said a Committee of the Board would decide on issues like rights ratio, issue price and size and timing of the issue etc.
Shares of Tata Power (FV Re 1) were up by 50 paise to Rs 79.95 on the BSE in early trade.
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