Announced Thu, 25 Jun · 17:41 IST
L&T completes divestment of Nabha Power to Torrent Power
LT · price
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Price reaction · full curve 14 horizons · vs prior close
-1.4%1-day move
₹4202.10
prior close
₹4225.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.4-0.2-0.3+0.2-1.4-2.6-3.5-4.3-3.9-7.2-8.7———
Up moveDown movePending
AI summary
L&T has completed the sale of its subsidiary Nabha Power Limited to Torrent Power through wholly-owned unit L&T Power Development. L&T PDL received about 3,632 crore rupees in cash after closing adjustments. NPL ceases to be a subsidiary of L&T, though L&T PDL retains a small stake in 0.1 percent redeemable preference shares worth about 158 crore rupees. The deal was first signed on February 16, 2026.
Likely market impact
Boosts L&T cash position by about 3,632 crore rupees; sharpens focus on core infra and engineering business. Marginally positive for shareholders.