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

Torrent Power NSE 1.46 % 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.