OREANDA-NEWS. Tata Power ('Tata Power'), one of India's largest integrated power companies, closed subscription to its rights issue ('issue') on April 15, 2014.

Tata Power (BSEs crip code: 500400; NSE scrip code: TATAPOWER; ISIN - INE245A01021) had offered up to 33,22,30,130 equity shares of face value of Rs 1 each at a price of Rs 60 per equity share for an amount aggregating to Rs 1,993.38 crore on a rights basis to existing shareholders. The issue has been oversubscribed 1.96 times, wherein Tata Power collected an amount of Rs 3,916.41 crore on application (1).

JM Financial Institutional Securities, BNP Paribas, HSBC Securities & Capital Markets (India), Kotak Mahindra Capital Company and SBI Capital Markets were the lead managers to the issue.

(1) Based on provisional certificates provided by the escrow collection banks to the issue and the final certificate issued by the self-certified syndicate banks.