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.
