Tata Power Renewable Approves Sale of 200 Million Shares to GreenForest

The share sale marks the completion of ₹40 billion investment by GreenForest

March 1, 2023

/ Arjun Joshi
/ Other, Renewable Energy
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Tata Power Renewable Energy (TPREL), a fully owned subsidiary of Tata Power, has approved the allotment of 200 million compulsorily convertible preference shares to GreenForest New Energies. The shares have a face value of ₹100 (~$1.2) each at par, amounting to a total of ₹20 billion (~$242.4 million).

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Arjun Joshi

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