Tata Power Ltd May 6, 2020

Tata Power Ltd

Electric Utilities

FV – Rs 1; 52wks H/L – 74.05/27; TTQ – 29.93 Lacs; CMP – Rs 43.95 (As On May 6, 2020);                  

      Market Cap – Rs 11887 Crs

Consolidated Financials and Valuations (Amt in Rs Crs unless specified)

 

  Tata Power
Year Equity Capital Net Worth Long Term Debt Total Sales PAT BV EPS P/E P/BV Promoter’s Holdings
  Rs Cr. Rs Cr. Rs Cr. Rs Cr. Rs Cr. Rs Rs     %
2019 271 18066 32695 29699 1316 66.79 4.87 9.03 0.66 37.22
2018 271 16806 31139 30267 2606 62.13 9.63 4.56 0.71 33.00

 

Corp Actions: Split 10:1, 26th September, 2011

Price  Chart (2010-2020):

 

Recent News:

TPCODL Acquisition: On 2nd June, Tuesday, Tata Power announced that they acquired 51% of TPCODL (TP Central Odisha Distribution Ltd). TP Central Odisha Distribution Ltd (TPCODL) carries out the business of Central Electricity Supply Utility of Odisha (CESU). The acquisition paves the way for taking over the power supply business of five cities in Odisha by Tata Power.

Rights Issue: Tata Power announced on Friday, 5th June that its  plans to raise Rs. 2000 Cr through rights issue: Tata Power Co. Ltd, India’s largest private power generation company, has started work on a rights issue to raise at least Rs 2,000 crore, as it looks to reduce debt and tap new opportunities.

The company could raise at least Rs 2,000 crore from the rights issue, although the final size of the offer could be significantly larger, the rights issue will be launched next quarter.

Petronas eyes stake in Tata Power’s InvIT : Malaysian state oil and gas company Petroliam Nasional Bhd (Petronas) is in active negotiations with the Tata Group to become a key investor in Tata Power’s planned renewable energy infrastructure investment trust (InvIT) as India’s leading utility looks to unlock value and pare debt.

 

 

Daily Notifications as on 6th May, 2020

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20200506-27

1. Scrip code : 532304
Name : KJMC Corporate Advisors (India) Ltd.
Subject : Announcement under Regulation 30 (LODR)-Scheme of Arrangement
We are pleased to inform you that the Mumbai Bench of the Hon’ble National Company Law Tribunal (NCLT) vide its Order dated April 27, 2020 has granted approval for the Scheme of Amalgamation between KJMC Commodities Market India Limited (‘the Transferor Company’) with KJMC Capital Market Services Limited (‘the Transferee Company’) and their respective shareholders (“Scheme”). The Appointed date for the said Scheme of Amalgamation is April 1, 2018. KJMC Commodities Market India Limited (‘the Transferor Company’) and KJMC Capital Market Services Limited (‘the Transferee Company’) are both the wholly owned subsidiary companies of KJMC Corporate Advisors (India) Limited. This is for your information and records.

2. Scrip code : 539515
Name : Gaurav Mercantile Limited
Subject : Disclosure Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015
In terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we would like to inform you that the Board of Directors of the Company in their meeting held on Wednesday, May 6, 2020, commenced at 4.30 p.m. and concluded at 5:00 p.m., considered the following agenda following items: 1)Reclassification of Identified Members of the Promoter/ Promoter Group 2)Acquisition of Digital Business from Quintillion Media Private Limited being a related party 3)Approval for related party transactions 4)Increasing the borrowing powers and creation of charge or mortgage or hypothecation against the assets or properties of the Company 5)Alteration of Articles of Association 6)Shifting of registered office 7)Change of name of the Company 8)To consider and approve the matters for conducting the Postal Ballot along with notice and relevant documents