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Torrent Power gains on plan to raise up to Rs 1,500 crore on private placement basis

28 Oct 2016 Evaluate

Torrent Power is currently trading at Rs. 173.15, up by 0.80 points or 0.46% from its previous closing of Rs. 172.35 on the BSE.

The scrip opened at Rs. 169.80 and has touched a high and low of Rs. 176.50 and Rs. 169.50 respectively. So far 89123 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 252.50 on 11-Mar-2016 and a 52 week low of Rs. 159.00 on 03-Aug-2016.

Last one week high and low of the scrip stood at Rs. 178.20 and Rs. 171.00 respectively. The current market cap of the company is Rs. 8329.09 crore.

The promoters holding in the company stood at 53.57%, while institutions and non-institutions held 23.06% and 23.38% respectively.

Torrent Power has received an approval for seeking consent of the Shareholders by way of Postal Ballot & E-voting for issuance of Secured, Redeemable, Non-Convertible Debentures (NCDs) not exceeding Rs 1,500 crore at par, on a private placement basis within the overall borrowing limits of the company as approved by the shareholders. The board of directors at its meeting held on October 27, 2016 has approved for the same.

Torrent Power is an India-based company engaged in the electricity generation, transmission and distribution. Its current operations are in the states of Gujarat and Maharashtra and Uttar Pradesh.

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
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