Torrent Power Limited has informed the Exchange about Sale of Equity Shares of UNM Foundation (Section 8 Company), Associate Company
TORNTPOWER · price
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Torrent Power has sold its entire 50,000 equity shares in UNM Foundation, a Section 8 (non-profit) associate company, to Torrent Investments Limited — the company's holding company and promoter — for a total consideration of ₹5,00,000 (₹5 lakhs) at face value of ₹10 per share. The transaction was completed on March 30, 2026. Since UNM Foundation is a Section 8 company, it has no revenue or turnover, making the financial impact negligible. The deal is classified as a related party transaction and has been carried out at arm's length. No separate sale agreement was executed as the buyer is the holding company.
This is a minor internal group restructuring with negligible financial impact (₹5 lakhs) and is unlikely to affect shareholders or the stock price. The sale streamlines the group structure by moving a non-operating associate entity under the promoter holding company.