Torrent Power has raised Rs 700 crore through allotment of Series 13 - 70,000 Secured, Rated, Listed, Taxable, Non-Cumulative, Redeemable and Non-Convertible Debentures (NCDs) at a coupon rate of 8.32% p.a. on February 28, 2024 on private placement basis. The said NCDs are proposed to be listed on Wholesale Debt Market Segment of National Stock Exchange of India.
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.
| Company Name | CMP |
|---|---|
| NTPC | 380.30 |
| Tata Power | 399.50 |
| Adani Power | 175.70 |
| Power Grid Corp | 302.60 |
| Torrent Power | 1467.50 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: