India, Feb. 29 -- Torrent Power on Wednesday said it has raised Rs 700 crore through Non-Convertible Debentures (NCDs) issued on a private placement basis.
The NCDs are proposed to be listed on wholesale debt market segment of the NSE, a regulatory filing said.
According to the statement, the company has issued and allotted Series 13 -- 70,000 secured, rated, listed, taxable, non-cumulative, redeemable NCDs of Rs 700 crore at a coupon rate of 8.32 per cent per annum on a private placement basis.
The first coupon will be paid on February 28, 2025 and subsequent coupon payments will be made on an annual basis, the statement added.
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