Torrent Power to seek shareholders approval for raising Rs 2,000 cr

Company seeks the Members' approval for issuance of NCDs upto an aggregate amount of Rs 2,000 crore, within overall approved borrowing limit of the Company as a Special Resolution, stated AGM notice.

Torrent Power
The company will issue NCDs on on a private placement basis to identified investor classes.
Press Trust of India New Delhi
1 min read Last Updated : Jul 15 2022 | 11:06 PM IST

Torrent Power on Friday said it will 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 seeks the Members' approval for issuance of NCDs upto an aggregate amount of Rs 2,000 crore, within overall approved borrowing limit of the Company as a Special Resolution," stated AGM notice.

Such approval shall be valid in respect of all offers and invitations for such NCDs to be made in one or more series / tranches, within 12 months from the date of passing of Special Resolution, it stated.

The company will issue NCDs on on a private placement basis to identified investor classes.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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Topics :Torrent PowerShareholdersFundraisingnon-convertible debentures

First Published: Jul 15 2022 | 11:06 PM IST

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