Tata Power Renewable issues 8.36 cr shares to GreenForest New Energies Bidco to raise Rs 2,000 cr
Tranche 2 infusion of Rs 2,000 crore will be concluded in accordance with the terms of the agreements.
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New Delhi: India's largest alternative energy company Tata Power Renewable Energy Limited on August 18, approved the allotment of 8,36,05,049 (8.36 crore) Equity shares of Tata Power Renewable Energy Limited of the face value of Rs 10 each at a price of Rs 239.22 per Equity share (including premium of Rs 229.22) aggregating to Rs 1999,99,99,822 on a preferential basis to GreenForest New Energies Bidco Limited, a Company incorporated under the laws of England and Wales.
Tata Power Renewable mentioned This completes Tranche 1 of the transaction. Tranche 2 infusion of Rs 2,000 crore will be concluded in accordance with the terms of the agreements.
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