Torrent Power Limited — QIP/Rights/Pref., 05-12-2024: Qualified Institutional Placement

Torrent Power Limited has completed a Qualified Institutional Placement (QIP), allocating 2,32,86,759 equity shares at an issue price of ₹1503 per share, which includes a premium of ₹1493. This price reflects a discount of ₹52.75, or 3.40%, to the floor price of ₹1555.75. The funds raised through this QIP will help support the company’s strategic initiatives. The placement document has been approved and filed, marking the successful closure of the issue.