Torrent Power Limited has informed the Exchange about Acquisition of 100% Equity Shares of Onix-One Enersol Private Limited.
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Torrent Power's wholly owned subsidiary, Torrent Green Energy Private Limited (TGEPL), has acquired 100% equity shares of Onix-One Enersol Private Limited for a total cash consideration of ₹1,00,000 (10,000 shares at ₹10 face value). The sellers were two individuals each holding 50% of the target. Onix, incorporated in July 2023, operates in renewable energy generation with a turnover of ₹19.44 crore in FY25 (up from ₹2.07 crore in FY24). The acquisition is not a related party transaction, requires no regulatory approvals, and is aimed at supporting Torrent Power's existing and upcoming client commitments — connectivity is already secured and land has been identified.
This is a small bolt-on acquisition in Torrent's renewable energy segment, consistent with its integrated power business strategy. While the deal value is token, the underlying asset brings operational capacity and a growing revenue base (nearly 10x jump in FY25 turnover), which is modestly positive for the company's green energy pipeline.