Torrent Power Plans $500 Million Rupee Bond Sale
Torrent Power plans to raise around $500 million through a rupee-denominated bond sale, following a previous issuance of 38 billion rupees. The company aims to diversify its funding sources by engaging potential investors. The raised funds will be used to acquire Nabha Power for about 69 billion rupees, highlighting a trend of companies seeking alternatives to traditional bank financing.
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