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Torrent Power to seek shareholders' approval to raise up to Rs 2,000 crore via NCDs

18 Jul 2022 Evaluate

Torrent Power has planned to seek shareholders' approval for raising up to Rs 2,000 crore through issuance of non-convertible debentures (NCDs). The company is holding its annual general meeting on August 8. The company will issue NCDs on a private placement basis to identified investor classes.

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.

Peers
Company Name CMP
NTPC 327.00
Tata Power 361.00
Adani Power 202.35
Power Grid Corpn. 263.50
Adani Energy Solut. 1350.00
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