Board of Tata Power Renewable Energy allots 836 cr equity shares to GreenForest New Energies Bidco

21 Aug 2022 , 01:33 AM

The Board of Tata Power Renewable Energy the wholly owned subsidiary of Tata Power Company today approved the allotment of 83605049 equity shares of Tata Power Renewable Energy of the face value of Rs 10 each at a price of Rs 23922 per equity share including premium of Rs 22922 aggregating to 8377; 19999999822 on a preferential basis to GreenForest New Energies Bidco a Company incorporated under the laws of England and Wales This completes Tranche 1 of the transaction Tranche 2 infusion of Rs 2000 crore will be concluded in accordance with the terms of the agreements