The Tata Power Company Ltd. Rights Issue oversubscribed by 1.96 times

The Tata Power Company Limited one of India’s largest integrated power companies, closed subscription to its rights issue (“Issue”) on April 15, 2014.

Tata Power (BSE Scrip Code: 500400; NSE Scrip Code: TATAPOWER; ISIN - INE245A01021), had offered up to 33,22,30,130 Equity Shares of face value of ` 1/- each at a price of ` 60/- per equity share for an amount aggregating to ` 1,993.38 crores on a rights basis to the existing shareholders. The Issue has been oversubscribed by 1.96 times, wherein Tata Power collected an amount of ` 3,916.41 crores on application ⁽¹⁾.

JM Financial Institutional Securities Limited, BNP Paribas, HSBC Securities & Capital Markets (India) Private Limited, Kotak Mahindra Capital Company Limited and SBI Capital Markets Limited were the Lead Managers to the Issue.

⁽¹⁾ Based on provisional certificates provided by the escrow collection banks to the Issue and the final certificate issued by the self-certified syndicate banks.