Torrent Power has sought shareholders' approval to raise up to Rs 1,500 crore through issuance of non-convertible debentures (NCDs) on private placement basis. Shareholders' approval has also been sought to declare dividend of Rs 5 per share on equity shares for 2018-19.
Torrent Power is an integrated utility engaged in the business of power generation, transmission and distribution with operations in the states of Gujarat, Maharashtra and Uttar Pradesh.