Torrent Power Ltd approves raising of Rs. 1500 crores

The Board of Directors of Torrent Power Ltd at its meeting held on October 27, 2016, have accorded their approval for seeking consent of the Shareholders by way of Postal Ballot & E-voting for issuance of Secured, Redeemable, Non-Convertible Debentures (NCDs) not exceeding Rs. 1,500 Crores (Rupees One Thousand Five Hundred Crores Only), at par, on a Private Placement Basis within the Overall Borrowing Limits of the Company as approved by the Shareholders.

The Board Meeting commenced at 2.00 p.m. and concluded at 5.00 p.m.

Shares of TORRENT POWER LTD. was last trading in BSE at Rs.173.1 as compared to the previous close of Rs. 172.35. The total number of shares traded during the day was 159796 in over 2694 trades.

The stock hit an intraday high of Rs. 176.5 and intraday low of 169.5. The net turnover during the day was Rs. 27613179.

Source : Equity Bulls

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