Torrent Power gets approval to raise Rs 1,500 cr through NCDs


Torrent Power gets approval to raise Rs 1,500 cr through NCDs

Torrent Power today said its shareholders have approved a proposal to raise up to Rs 1,500 crore through issuance of secured, redeemable, non-convertible debentures (NCDs).

“The special resolution to approve issuance of Secured, Redeemable, Non-Convertible Debentures (NCDs) not exceeding Rs 1,500 crore at par, on a private placement basis within the overall borrowing limits of the company has been approved by the majority vote,” Torrent Power said in a BSE filing today.

Govt should suitably dispose of hazardous medical waste:PHDCCI * The government should come up with ways and means to suitably dispose of the hazardous medical and bio-wastes generated in all hospitals, industry chamber PHDCCI said today.

The move would ensure that health workers and communities around them are not infected, it said in a statement.

The issue was deliberated upon during the India Hospital Summit-2017 which is organised under the aegis of PHD Chamber of Commerce and Industry.

It said the existing rules and regulations to regulate bio-medical wastes need to be complied with by all hospitals and nursing homes in and around Delhi and “non-compliance should be dealt with heavy penalties”.Read more

Credits: india.com

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