Torrent Power Launches QIP of Shares at Rs 1,555.75 Each

04 Dec 2024 CW Team

Torrent Power announced the initiation of equity offerings on a qualified institutional placement (QIP) basis, setting a floor price of Rs 1,555.75 per share. The company aims to raise up to Rs 50 billion in one or more tranches but has not disclosed the exact number of shares to be issued or the total size of the issue.

Speculations suggest the issue size is likely to range between Rs 35 billion and Rs 50 billion.

In a stock exchange filing, the company stated that the fund-raising committee of its board, during a meeting held on December 2, approved the opening of the issue. The committee also determined the floor price for the offering in line with the pricing formula prescribed by the capital market regulator, SEBI.

Earlier, in July, the company's shareholders had approved a proposal to raise up to R 50 billion through various means, including equity shares, foreign currency convertible bonds (FCCBs), debentures, or other equity-linked instruments.

Torrent Power had previously highlighted its on-going need for working capital and capital expenditure to support the upgradation and expansion of its power generation and distribution businesses, as well as its on-going projects.

Infrastructure Urban

30 May 2026

Panasonic Showcases Connected Display Solutions

Panasonic Life Solutions India showcased its integrated display, projection, broadcast and communication technologies at Panasonic Tech Summit 2026 in New Delhi. Hosted through its System Solutions Division, the two-day event highlighted connected technology solutions for education, healthcare, retail, transportation, corporate offices and entertainment.The summit, themed ‘Turning Technology into Value’, featured experience-led zones covering QSR, retail, transit, corporate offices, healthcare, education, security, projection, home theatre and professional displays. Panasonic also introduc..

Kapsch to Deliver India’s First C-ITS Project

"Kapsch TrafficCom will deliver India’s first Cooperative Intelligent Transport Systems project on a key expressway near New Delhi. The project will be implemented with Superwave Communication And Infrasolution Limited to demonstrate how connected mobility can improve road safety and traffic efficiency.The pilot will use real-time connectivity and AI-enabled situational awareness to support road users, especially in high-risk areas such as temporary work zones. Drivers will receive alerts on roadworks, maintenance vehicles, hazardous locations, traffic queues and temporary virtual signage di..

Eurobond Net Profit Rises 44 Per Cent

Euro Panel Products, the parent company of Eurobond, reported a 44.13 per cent year-on-year rise in net profit for FY25–26. The company’s revenue from operations grew 18.91 per cent to Rs 503.20 crore, compared to Rs 423.18 crore in the previous financial year.The company’s full-year EBITDA stood at Rs 56.67 crore, marking a 31.82 per cent increase. Profit after tax rose to Rs 26.56 crore, while net worth increased 20.15 per cent to Rs 160.07 crore. Earnings per share for the year stood at Rs 10.84.Divyam Rajesh Shah, Whole Time Director and CFO, Euro Panel Products, said the company’s..