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Torrent Power raises Rs 3,800 crore through NCDs
Jun-24-2026

Torrent Power has raised Rs 3,800 crore through Non-Convertible Debentures (NCDs). The company has allotted Series 15 - 3,80,000 Secured, Rated, Listed, Taxable, Non-Cumulative, Redeemable, NCDs, having face value of Rs 1,00,000 each, in Tranches A, B, C D on private placement basis. The company has allotted 75000 NCDs (Tranche A) carrying coupon rate of 8.10% per annum and tenure of 3 years. It has allotted 100000 NCDs (Tranche B) carrying coupon rate of 8.15% per annum and tenure of 5 years. 

Further, the company has allotted 100000 NCDs (Tranche C) carrying coupon rate of 8.20% per annum and tenure of 7 years. Also, the company has allotted 105000 NCDs (Tranche D) carrying coupon rate of 8.20% per annum and tenure of 10 years. The Date of Allotment for all NCDs is June 24, 2026.

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.

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