Torrent Power raises Rs 600 crore via non-convertible debentures

Torrent Power has raised Rs 600 crore through the issuance of 6,000 non-convertible debentures (NCDs) on a private placement basis.

“Company has issued and allotted Series 8 – 6,000 Secured, Rated, Listed, Taxable, Non-Cumulative, Redeemable, Non-Convertible Debentures (NCDs) of 600 Crore at a coupon rate of 6.20 per cent pa, 6.70 per cent pa, 7.10 per cent pa and 7.45 per cent pa vide Series 8A, Series 8B, Series 8C and Series 8D, respectively, on a private placement basis,” a BSE filing stated.

The issue is proposed to be listed on the Wholesale Debt Market Segment of the National Stock Exchange of India Ltd.