Acquisitions8 April 2026 at 08:16 am
Torrent Power Acquires 100% Stake in Nabha Power Limited: CCI Approval Received
AI Summary
Torrent Power Ltd. has announced the receipt of approval from the Competition Commission of India (CCI) for the acquisition of 100% equity stake and convertible instruments of Nabha Power Limited from L&T Power Development Limited. This acquisition was previously disclosed in a letter dated February 16, 2026. The CCI's approval marks a significant step in the acquisition process.
Key Highlights
- Torrent Power Ltd. has received approval from the CCI for the acquisition of Nabha Power Limited.
- The acquisition involves 100% equity stake and convertible instruments of Nabha Power Limited from L&T Power Development Limited.
- This is a significant step in the acquisition process, as per the Listing Regulations.
- The CCI's approval was received on April 07, 2026.
- The acquisition was previously disclosed in a letter dated February 16, 2026.