Torrent Pharmaceuticals has raised Rs 1,000 crore through issuance of non-convertible debentures (NCDs) on a private placement basis. However, it did not disclose what it proposes to do with the money raised.
The company had issued non-convertible debentures for Rs 1,000 crore on December 14, 2017, Torrent Pharmaceuticals said in a BSE filing today.
The tenure of allotment is eight years and the date of maturity is December 12, 2025. The NCDs have been listed on the wholesale debt market segment of the National Stock Exchange. Shares of Torrent Pharmaceuticals ended higher by 2.05 per cent at Rs 1,342 on the BSE.