Torrent Power Sells Shares in Subsidiaries to Torrent Energy Storage Solutions
Torrent Power Limited announced the sale of equity shares in three wholly-owned subsidiaries to Torrent Energy Storage Solutions Private Limited on March 30, 2026. The total consideration received for the sale was ₹3,00,000.Torrent Energy Storage Solutions Private Limited is itself a wholly-owned subsidiary of Torrent Power. As a related party transaction, the sale was conducted at arm’s length.
During the last financial year, the total consolidated revenue of Torrent Power was ₹29,165.26 Crore, and the consolidated net worth (including Non-Controlling Interest) was ₹18,215.78 Crore. Details regarding the revenue and net worth contribution of each subsidiary are presented below:
Subsidiary Sale Details
| Sr. No. | Name of Subsidiaries | Consideration (in ₹ ) |
|---|---|---|
| 1 | Torrent Energy Storage Solutions 1 Private Limited | 1,00,000 |
| 2 | Torrent Energy Storage Solutions 2 Private Limited | 1,00,000 |
| 3 | Torrent Energy Storage Solutions 3 Private Limited | 1,00,000 |
| Total | Total | 3,00,000 |
The transaction was completed on March 30, 2026, at 03:16 pm. No agreement for sale was entered into as the shares were sold to a wholly-owned subsidiary.
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