Tata Power Company gains on acquiring 100% stake in Jalpura Khurja Power Transmission
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Tata Power Company is currently trading at Rs. 416.30, up by 1.80 points or 0.43% from its previous closing of Rs. 414.50 on the BSE.
The scrip opened at Rs. 417.80 and has touched a high and low of Rs. 418.85 and Rs. 414.95 respectively. So far 339775 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 433.20 on 07-Mar-2024 and a 52 week low of Rs. 193.05 on 19-Apr-2023.
Last one week high and low of the scrip stood at Rs. 419.90 and Rs. 398.00 respectively. The current market cap of the company is Rs. 133085.89 crore.
The promoters holding in the company stood at 46.86%, while Institutions and Non-Institutions held 26.28% and 26.85% respectively.
Tata Power Company has signed Share Purchase Agreement and acquired 100% equity stake in Jalpura Khurja Power Transmission, a project special purpose vehicle. The objective of acquisition is to establish and operate Build-Own-Operate Transfer basis, to provide transmission service. The cost of acquisition is Rs 3.86 crore.
Tata Power Company is India’s largest integrated power company.
