Torrent Power Sells Shares in UNM Foundation to Torrent Investments
Torrent Power Limited announced the sale of 50,000 equity shares in UNM Foundation (a Section 8 Company) to Torrent Investments Limited, its holding company, on March 30, 2026. The transaction, completed at 5:40 PM, involved a total consideration of ₹5,00,000.UNM Foundation, being a Section 8 company, does not generate revenue or turnover. Torrent Investments Limited is both a buyer and a promoter of Torrent Power Limited, making the transaction a related party transaction conducted at arm's length. No agreement for sale was entered into due to the shares being sold to the holding company.
Transaction Details:
| Particulars | Details |
|---|---|
| Consideration Received | ₹5,00,000 |
| Number of Shares Sold | 50,000 |
| Face Value per Share | ₹10 |
| Buyer | Torrent Investments Limited |
| Seller | Torrent Power Limited |
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