Torrent Power Completes Acquisition of Nabha Power Limited, Establishes Wholly Owned Subsidiary
Torrent Power Limited has completed the acquisition of 100% equity shares and convertible instruments of Nabha Power Limited (NPL). The transaction saw Torrent acquire the company from L&T Power Development Limited, making NPL a wholly owned subsidiary of Torrent Power, effective June 25, 2026.The acquisition was finalized at a total consideration amounting to ₹ 3632.35 Crore, which factored in closing adjustments.
This completion marks the finalization of the purchase agreement process for Nabha Power Limited (NPL). The transaction follows earlier communications regarding Torrent Power's intention to acquire NPL and receipt of necessary regulatory approvals.
The key details of the acquisition are summarized below:
| Detail | Value |
|---|---|
| Target Company | Nabha Power Limited (NPL) |
| Seller | L&T Power Development Limited |
| Acquired Stake | 100% Equity shares and convertible instruments |
| Total Consideration | ₹ 3632.35 Crore |
| Effective Date | June 25, 2026 |
TORNTPOWER Stock Price Movement
Torrent Power Limited shares shed value on Thursday, slipping by 2.11% to settle at ₹1413.7, reflecting an absolute drop of ₹30.50. Trading concluded with a total traded volume of 274,922 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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