Torrent Power Limited (TORNTPOWER) — Corporate Action

📢 Key Event
Allotment of ₹3,800 crore non-convertible debentures on private placement

🔄 What Changed
₹3,800 crore NCD issuance with tranche-specific tenors and coupon rates

🔮 What's Next
Interest payments begin June 24, 2027; principal repayment on maturity dates 2029-2036

💡 Investor Takeaway
This large-scale debt issuance increases Torrent Power's borrowing capacity and may pressure future cash flows due to higher interest obligations.

Torrent Power Limited allotted 380,000 secured, listed, taxable, non-cumulative, redeemable, non-convertible debentures of ₹1 lakh each on private placement, aggregating to ₹3,800 crores, on June 24, 2026. The issuance comprises four tranches with varying tenors from 3 to 10 years and coupon rates of 8.10% to 8.20% per annum, with interest payable annually starting June 24, 2027, and principal repayment scheduled on maturity dates from 2029 to 2036.

📄 View Original Announcement (PDF)

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