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TORNTPOWER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Torrent Power has received approval from the Competition Commission of India (CCI) on April 7, 2026, for acquiring 100% of the equity stake and convertible instruments of Nabha Power Limited from L&T Power Development Limited. This is a follow-up to the company's earlier intimation dated February 16, 2026. Nabha Power is a power generation entity, and the acquisition is expected to significantly expand Torrent Power's generation capacity. With the antitrust clearance in hand, the deal is now closer to completion.
Positive for Torrent Power shareholders — the CCI green light removes a key regulatory hurdle, paving the way to add Nabha Power's generation assets to Torrent's portfolio and strengthen its position in the power sector.