Torrent Power trades higher on planning to raise Rs 3,000 crore through NCDs
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Torrent Power is currently trading at Rs. 533.20, up by 4.40 points or 0.83% from its previous closing of Rs. 528.80 on the BSE.
The scrip opened at Rs. 534.95 and has touched a high and low of Rs. 534.95 and Rs. 521.70 respectively. So far 2562 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 609.90 on 22-Aug-2022 and a 52 week low of Rs. 419.60 on 26-May-2022.
Last one week high and low of the scrip stood at Rs. 538.95 and Rs. 521.70 respectively. The current market cap of the company is Rs. 25626.49 crore.
The promoters holding in the company stood at 53.57%, while Institutions and Non-Institutions held 29.41% and 17.03% respectively.
Torrent Power is planning to raise up to Rs 3,000 crore through the issuance of non-convertible debentures (NCDs) on a private placement basis. A meeting of the Board of Directors is scheduled to be held on Monday, May 29, 2023, to consider and approve the same.
Torrent Power is an integrated utility engaged in the business of power generation, transmission and distribution with operations in the states of Gujarat, Maharashtra and Uttar Pradesh
