The proposed rights issue of Tata Power Company has been priced at Rs.60 a share, the company said on Monday. The rights issue size would be 33.22 crore equity shares with a face value of Rs.1 each. An eligible shareholder will be entitled to apply for seven equity shares for every 50 equity shares held as on the record date. The entire rights issue price is payable on application and the issue will open on or before March 31. Tata Power shares, on Monday closed, with a loss of 0.25 per cent at Rs.78.95 on the BSE.

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