Torrent Power raises Rs 270 cr via debentures

Date posted: Wednesday 15 May 2019

Torrent Power has raised Rs 270 crore by issuing non-convertible debentures on private placement basis. The company issued 2,700 non-convertible debentures (NCDs) of Rs 10 lakh each aggregating to Rs 270 crore. The rated, taxable, unsecured, listed, redeemable NCDs were issued at coupon rate of 10.25 per annum on private placement basis.

(Economic Times)