Torrent Power Limited announced a private placement or a Qualified Institutional Placement that it will issue equity shares or Convertible Bonds or Convertible Debentures or other securities convertible into equity shares at the option of the Company for the aggregate gross proceeds of INR 50,000,000,000 on May 22, 2024. The company may receive funding in one or more tranches. The transaction has been approved by the board of directors of the company and is subject to the approval of the Members in the ensuing AGM of the Company.