te Torrent Power to seek shareholders nod for raising Rs 2,000 cr | Zee Business

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

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).

Torrent Power to seek shareholders nod for raising Rs 2,000 cr
The company is holding its annual general meeting on August 8: PTI

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.

TRENDING NOW

"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.

Written By: PTI
Updated: Sat, Jul 16, 2022
11:24 am
Mumbai, PTI
RELATED NEWS
Torrent Power hits an all-time high after power firm inks 4 MoUs with Gujarat government Torrent Power hits an all-time high after power firm inks 4 MoUs with Gujarat government
Torrent Power Q2 results: Net profit up 12% to Rs 543 crore Torrent Power Q2 results: Net profit up 12% to Rs 543 crore

By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

x