Torrent Power Limited has informed the Exchange about Acquisition of 100% of equity stake and convertible instruments of Nabha Power Limited
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Torrent Power Limited has informed the exchange that it is acquiring 100% of the equity stake and convertible instruments of Nabha Power Limited. Nabha Power operates a 1,400 MW thermal power plant in Rajpura, Punjab, and is currently a wholly-owned subsidiary of Larsen & Toubro's power development arm. The acquisition covers both equity shares and convertible instruments, giving Torrent Power complete economic and voting control of the entity. This move significantly expands Torrent Power's generation capacity and consolidates its position in India's thermal power sector.
This is a strategic capacity-expansion move that strengthens Torrent Power's generation portfolio and could boost long-term earnings. Shareholders should watch for the deal valuation, funding plan, and any approvals still pending from regulators.