Torrent Power seeks shareholder’s approval to raise Rs 1,500 crore via NCDs
2nd Jul 2019

Torrent Power has sought shareholders' approval to raise up to Rs 1,500 crore through issuance of non-convertible debentures (NCDs) on private placement basis. Shareholders' approval has also been sought to declare dividend of Rs 5 per share on equity shares for 2018-19.

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.