Torrent Power allots NCDs worth Rs.550 crore

Torrent Power Ltd has on September 26, 2012 allotted 10.35% Secured Redeemable Non-Convertible Debentures ("NCDs") of Rs. 550 Crores on a private placement basis. The tenure of the NCD is 10 years.

The Torrent Power Ltd stock was trading at Rs.169.10, up by Rs.0.65 or 0.39%. The stock hit an intraday high of Rs.175 and low of Rs.167.05.

The total traded quantity was 1.52 lakhs compared to 2 week average of 1.66 lakhs.

Source : Equity Bulls

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