Torrent Power Raises ₹35 Billion in Qualified Institutional Placement

The QIP is the first equity raise in the last three decades by the Torrent Group

December 10, 2024

/ Grid, Markets & Policy, Renewable Energy

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Gujarat-based energy generation and transmission company Torrent Power has raised ₹35 billion (~$412.77 million) through qualified institutional placement (QIP) of shares. The QIP was oversubscribed four times against the issue size.

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Melvin Mathew

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Torrent Power Raises ₹35 Billion in Qualified Institutional Placement

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