Torrent Power completes Nabha Power acquisition for Rs 3,632.35 Cr

Listed Co AcquisitionStrategic Transactions View source PDF

TORNTPOWER · price

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Price reaction · full curve 14 horizons · vs prior close

-0.4%1-day move

₹1413.70

prior close

₹1420.10

base price

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AI summary

Torrent Power has completed the acquisition of 100% equity shares and convertible instruments of Nabha Power Limited (NPL) from L&T Power Development Limited for a total consideration of Rs 3,632.35 crore after closing adjustments. NPL is now a wholly owned subsidiary of Torrent Power effective June 25, 2026. This follows the Securities Purchase Agreement signed on Feb 16, 2026 and Competition Commission of India approval received on April 8, 2026.

Likely market impact

Nabha Power is now a wholly owned subsidiary, adding 100% of its operations, revenue and assets to Torrent Power's consolidated books.