The shareholders’ of Torrent Power have provided their approval for raising up to Rs 1,500 crore by issuing non-convertible debentures on a private placement basis.

The company has said in a BSE filing that the special resolution for issuance of secured, redeemable, non-convertible debentures not exceeding Rs 1,500 crore, at par, on a private placement basis within the overall borrowing limit of the company is approved by the shareholders.

As per the filing, the special resolution has been approved with the requisite majority through postal as well as e-voting.

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