Torrent Power raises Rs 300 cr via NCDs

Torrent Power on Monday said it has raised Rs 300 crore by issuing non-convertible debentures on private placement basis. The company has issued 3,000 non-convertible debentures (NCDs) of Rs 10 lakh each aggregating to Rs 300 crore, it said in a BSE filing.


PTI | New Delhi | Updated: 06-07-2020 17:30 IST | Created: 06-07-2020 17:30 IST
Torrent Power raises Rs 300 cr via NCDs
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  • India

Torrent Power on Monday said it has raised Rs 300 crore by issuing non-convertible debentures on private placement basis.  The company has issued 3,000 non-convertible debentures (NCDs) of Rs 10 lakh each aggregating to Rs 300 crore, it said in a BSE filing. The rated, listed, taxable, non-cumulative, redeemable NCDs were issued at a coupon rate of 7.30 per cent per annum on private placement basis, it said.

The maturity period of the NCDs is three years. The NCDs are proposed to be listed on the Wholesale Debt Market Segment of NSE.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)

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