Torrent Power Limited has informed the Exchange about Acquisition of 100% Equity Shares of Torrent Urja 47 Private Limited.
TORNTPOWER · price
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Torrent Power has acquired 100% equity shares of Torrent Urja 47 Private Limited (TU47) from its wholly owned subsidiary Torrent Green Energy Private Limited (TGEPL) for a total consideration of ₹5,00,000 (50,000 shares of ₹10 face value). TU47 is a newly incorporated entity (March 19, 2025) with nil turnover, operating in the electricity generation sector. The transaction is a related party deal done at arm's length. The purpose of this acquisition is to set up a dedicated thermal power business vertical, with the company exploring acquisitions of thermal power plants either directly or through subsidiaries.
Negligible direct financial impact given the token ₹5 lakh consideration and TU47 having no current operations. However, it signals Torrent Power's strategic intent to create a separate thermal power vertical, which could lead to larger, more meaningful acquisitions in the thermal power space ahead.