Torrent Power Limited has successfully raised Rs 3,500 crore through a Qualified Institutions Placement (QIP), which saw a remarkable fourfold oversubscription from both domestic and international investors. This marks the company's first equity raise in three decades and is one of the largest fundraisers by a private utility in India this financial year. The QIP, managed by Kotak Mahindra Capital Company, Jefferies India, and JM Financial, attracted investments from notable firms including SBI Mutual Fund and Norges Bank.
