Torrent Power gains on raising Rs 270 crore via NCDs

Torrent Power is currently trading at Rs. 246.65, up by 3.85 points or 1.59% from its previous closing of Rs. 242.80 on the BSE. The scrip opened at Rs. 242.00 and has touched a high and low of Rs. 247.10 and Rs. 242.00 respectively. So far 10803 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 276.60 on 03-Dec-2018 and a 52 week low of Rs. 212.10 on 01-Oct-2018. Last one week high and low of the scrip stood at Rs. 253.05 and Rs. 236.35 respectively. The current market cap of the company is Rs. 11787.13 crore. The promoters holding in the company stood at 53.57%, while Institutions and Non-Institutions held 25.22% and 21.21% respectively.

Torrent Power has raised Rs 270 crore by issuing non-convertible debentures (NCDs) on private placement basis. The company issued 2,700 non-convertible debentures of Rs 10 lakh each aggregating to Rs 270 crore. 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.

The post Torrent Power gains on raising Rs 270 crore via NCDs appeared first on Udaipur News | Udaipur Latest News | udaipur local news.

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