Announced Wed, 24 Jun · 15:18 IST
Torrent Power allots Rs 3,800 Crore NCDs via private placement
Fund Raising View source PDF
TORNTPOWER · price
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Price reaction · full curve 14 horizons · vs prior close
-2.6%1-day move
₹1451.80
prior close
₹1443.60
base price
In-mkt
timing
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-0.3-0.5——-2.6-2.7-3.0-3.2-3.5-6.7-2.5-1.1——
Up moveDown movePending
AI summary
Torrent Power has allotted 3,80,000 secured, listed NCDs worth Rs 3,800 Crore via private placement on June 24, 2026. The debentures are issued in four tranches with tenures of 3, 5, 7 and 10 years maturing between 2029 and 2036. Coupon rates range from 8.10 percent to 8.20 percent per annum, paid annually. NCDs are secured by first pari passu charge on company assets and will be listed on NSE wholesale debt market.
Likely market impact
Large debt raise of Rs 3,800 Crore at competitive rates supports growth capex but adds to existing debt and interest obligations for shareholders.