Tata Power: Tata Power subsidiary receives Rs 2,000 crore from GreenForest via preferential allotment. Subsidiary Tata Power Renewable Energy has approved the allotment of 20 crore compulsorily convertible preference shares at face value of Rs 100 each, amounting to Rs 2,000 crore on a preferential basis to GreenForest New Energies Bidco. GreenForest is incorporated under the laws of England and Wales. With this, both the tranches of investment of Rs 2,000 crore each in Tata Power Renewable Energy made by GreenForest are completed.