Torrent Power Limited — QIP/Rights/Pref., 02-12-2024: Qualified Institutional Placement

Torrent Power Limited has announced a qualified institutions placement of equity shares with a floor price set at ₹1555.75 per share. The issue aims to raise funds as approved by the Board and shareholders, with the relevant date for the pricing being today. The company may offer a discount of up to 5% on the floor price. Further details will be finalized in consultation with book-running lead managers. This capital raising initiative is part of their strategy to enhance financial flexibility.