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.