$TORNTPOWER

TORRENT POWER LTD | NCD Issuance Update Company allotted 3,80,000 Secured, Rated, Listed NCDs (Series 15) via private placement Total issue size: ₹3,800 crore Tenure: 3 to 10 years with coupon rate of 8.10%–8.20% p.a. Security: First pari passu charge on movable & immovable assets (excluding renewable project assets) Rating condition: Downgrade below BBB+ may trigger accelerated redemption clause Instrument to be listed on debt market segment Impact: Neutral to positive – Strengthens funding structure and long-term capital raising, though increases leverage