Tata Power's Rs 2,000 cr rights issue to open on March 31

Tata Power's rights issue worth almost Rs 2,000 crore will open on March 31 and the proceeds will be utilised for capital expenditure and repaying debt. The company will offer 33.22 crore equity shares with a face value of Re 1 each for cash at Rs 60 a share (including a premium of Rs 59) for an aggregate amount of up to Rs 1,993.38 crore to existing investors. The issue will close on April 15, according to Tata Power's offer...