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Torrent Power raises Rs 700 crore via NCDs

28 Feb 2024 Evaluate

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.


Peers
Company Name CMP
NTPC 317.00
Tata Power 345.00
Adani Power 196.60
Power Grid Corpn. 253.40
Adani Energy Solut. 1320.00
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