Torrent Power gets shareholders’ nod for raising up to Rs 2,000 cr via NCDs

Torrent Power NSE 0.09 % on Monday said it has received shareholders’ approval for raising up to Rs 2,000 crore through issuance of non-convertible debentures (NCDs). The proposal for raising funds was listed on the agenda of the company’s annual general meeting held on Monday.

“Based on the Consolidated Report of the Scrutinizer, all Resolutions as set out in the Notice of 18th AGM have been duly approved by the Members with requisite majority,” it said in a BSE filing.