Torrent Power is a leading Indian energy and power company with operations spanning power generation, transmission, distribution, and the manufacturing and supply of power cables. It serves over 3.85 million customers annually across multiple regions, including Ahmedabad, Gandhinagar, Surat, Dahej SEZ, and Dholera Special Investment Region in Gujarat. The company also operates in the Union Territories of Dadra and Nagar Haveli and Daman and Diu, as well as the Bhiwandi, Shil, Mumbra, and Kalwa areas in the Mumbai Metropolitan Region, and Agra in Uttar Pradesh.
On December 2, 2024, Torrent Power’s Board finalized the floor price for the QIP at ₹1,555.75 per share. This price is determined under the SEBI (ICDR) regulations, representing a 1.9% discount to the previous close of ₹1,581.10 per share. The company informed the exchanges that the “Relevant Date” for the pricing, as per SEBI guidelines, was December 2.
The stock of Torrent Power Ltd. currently trades at ₹1670.75 per share and is up by 5.35% today, from its previous day’s closing price, The stock has made an intraday high of ₹1,679.00 per share Over the past month the stock has fallen by 7.04%, While over the past year, it has been appreciated by 72.81%.
Torrent Power Limited, a leading Indian energy company, operates in power generation, transmission, and distribution across multiple regions. The company has initiated a Qualified Institutional Placement (QIP) with a floor price of ₹1,555.75 per share, determined under SEBI regulations. This step marks a significant financial move in compliance with regulatory norms and shareholder approvals.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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