New Delhi, March 9 Torrent Power announced on Monday that it has raised Rs 2,000 crore through the issuance of non-convertible debentures (NCDs) through a private placement.
The company issued 200,000 NCDs of Rs 1 lakh each, totaling Rs 2,000 crore, as stated in a regulatory filing.
The company has issued and allotted "200,000 secured, rated, listed, taxable, non-cumulative, redeemable, and non-convertible debentures (NCDs) worth Rs 2,000 crore at an annual coupon rate of 7.97 percent" through a private placement, the regulatory filing added.