Torrent Power Allots ₹3,800 Cr NCDs

Torrent Power Ltd has successfully issued and allotted 3,80,000 Secured, Rated, Listed, Non-Cumulative, Redeemable Non-Convertible Debentures (NCDs) aggregating to ₹3,800 Crore. The NCDs, issued on a private placement basis, are divided into four tranches with varying tenures from 3 to 10 years and coupon rates ranging from 8.10% to 8.20% per annum. The allotment took place on June 24, 2026. These NCDs are proposed to be listed on the Wholesale Debt Market Segment of the National Stock Exchange of India Limited. The issuance aims to raise capital for the company's operations and future growth.