Tata Power on Friday sought shareholders' approval for raising its authorised share capital by Rs 200 crore to Rs 779 crore.
The company has proposed to increase its authorised share capital from Rs 579 crore (divided into 350 crore equity shares of Re 1 each and 2.29 crore cumulative
Giving reasons for seeking increase in share capital, it said, "The Company is working on a long term strategic plan focused on strengthening the balance sheet and to improve its overall return metrics."
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