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Torrent Power Denies Undisclosed Investment Plans After Media Report

Story Highlights
  • Torrent Power says there are no undisclosed investment plans beyond what has been duly reported.
  • The company attributes recent share price movements to market conditions and reaffirms strict compliance with SEBI disclosure rules.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Torrent Power Denies Undisclosed Investment Plans After Media Report

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Torrent Power Limited ( (IN:TORNTPOWER) ) just unveiled an announcement.

Torrent Power Limited has clarified to the BSE and NSE that recent media coverage suggesting a ₹1 lakh crore energy investment and new B2C platforms does not reflect any undisclosed plans or impending announcements beyond what the company has already reported under regulatory requirements. The company stated that all material investment plans and developments have been, and will continue to be, duly disclosed in compliance with SEBI’s Listing Regulations, adding that recent share price movements are purely market driven and not the result of any non-public information, in an effort to reassure investors and regulators about its transparency and adherence to disclosure norms.

More about Torrent Power Limited

Torrent Power Limited is an Indian power sector company based in Ahmedabad, Gujarat, engaged in the generation, transmission and distribution of electricity, with a focus on serving retail and industrial consumers across multiple regions in India.

Average Trading Volume: 17,259

Technical Sentiment Signal: Buy

Current Market Cap: 703B INR

For an in-depth examination of TORNTPOWER stock, go to TipRanks’ Overview page.

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