Acquisitions25 Jun 2026, 04:10 pm
Torrent Power Completes NPL Acquisition for ₹3632.35 Crore
AI Summary
Torrent Power Ltd has successfully completed the acquisition of 100% equity shares and convertible instruments of Nabha Power Limited (NPL) from L&T Power Development Limited. The total consideration for this acquisition amounts to ₹3632.35 Crore, after accounting for closing adjustments. Following this transaction, NPL has officially become a wholly-owned subsidiary of Torrent Power, effective from today. This move is a continuation of previous intimations regarding the execution of the Securities Purchase Agreement and receipt of approval from the Competition Commission of India.
Key Highlights
- Torrent Power acquired 100% stake in Nabha Power Limited.
- The total acquisition cost was ₹3632.35 Crore.
- Nabha Power Limited is now a wholly-owned subsidiary.
- CCI approval was previously secured for the deal.
Price Impact
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