Torrent Power allots Rs 3,800 Crore NCDs via private placement

Fund Raising View source PDF Explain this filing

TORNTPOWER · price

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Price reactionminutes from the announcement price · days from the prior close

-0.5%Reaction day

₹1451.80

prior close

₹1443.60

announcement price

In-mkt

timing

Nifty Midcap 150market+0.1%-0.6% vs market

Power peers, median of 36sector · industry level-0.2%-0.3% vs sector

On the reaction day the stock moved 0.6 pts less than Nifty Midcap 150 and 0.3 pts less than its Power peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Reaction day

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Next day

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-3.2-0.1-3.0-0.9-2.2

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-6.7+0.5-7.2-2.1-4.6

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UpDownMarket · Nifty Midcap 150Sector · Power peers, median of 36Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

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.