Torrent Power plans around $500 million bond sale, bankers say

Torrent Power is set to launch a substantial bond sale of rupee-denominated bonds, aiming to raise around $500 million. This comes after their earlier issuance of 38 billion rupees. The company's initiative to diversify funding sources includes discussions with potential investors. The funds will be directed towards the acquisition of Nabha Power for approximately 69 billion rupees, reflecting a growing trend of companies exploring funding avenues beyond traditional banks.