Torrent Power Limited — QIP/Rights/Pref., 06-12-2024: Allotment of Securities

Torrent Power Limited has approved the allotment of 2,32,86,759 equity shares at an issue price of ₹1503 per share, raising approximately ₹3500 Crore. The shares were allocated to qualified institutional buyers, with the transaction reflecting a 3.40% discount to the floor price. Post-allotment, the company’s paid-up equity share capital has increased from ₹480.62 Crore to ₹503.90 Crore. Key institutional allotments include SBI Focused Equity Fund and SBI Contra Fund, among others.