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Torrent Power gains on receiving nod to raise debt

04 Jan 2016 Evaluate

Torrent Power is currently trading at Rs. 183.45, up by 2.85 points or 1.58% from its previous closing of Rs. 180.60 on the BSE.

The scrip opened at Rs. 181.65 and has touched a high and low of Rs. 185.80 and Rs. 180.25 respectively. So far 125012 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 199.80 on 29-Oct-2015 and a 52 week low of Rs. 136.55 on 29-Jun-2015.

Last one week high and low of the scrip stood at Rs. 181.90 and Rs. 172.10 respectively. The current market cap of the company is Rs. 8872.19 crore.

The promoters holding in the company stood at 53.44% while Institutions and Non-Institutions held 24.87% and 21.69% respectively.

Torrent Power is planning to raise debt with option for lenders to convert that loan or financial assistance into equity upon occurrence of certain conditions. In this regard, the company’s shareholders approved the special resolution for availing of the financial assistance (loans or debt) having an option available to the lenders for conversion of such financial assistance into equity shares of the company upon occurrence of certain events.

As per the resolution, this financial assistance can be loans, debentures or any other financial assistance categorised as loans up to an amount which would be approved by the shareholders.


Torrent Power Share Price

1565.30 43.30 (2.84%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
NTPC 393.65
Tata Power 427.45
Adani Power 198.40
Power Grid Corp 318.05
Torrent Power 1565.30
View more..

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