Torrent Power Limited has informed the Exchange about Sale of Equity Shares of Subsidiaries of the Company
TORNTPOWER · price
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Torrent Power has transferred the equity shares of three of its wholly-owned subsidiaries — Torrent Energy Storage Solutions 1, 2, and 3 Private Limited — to another wholly-owned subsidiary, Torrent Energy Storage Solutions Private Limited, on March 30, 2026. The total consideration paid was just ₹3,00,000 (₹1,00,000 per subsidiary). All three subsidiaries had zero revenue and negligible (negative) net worth, contributing 0.00% to the company's consolidated revenue of ₹29,165.26 crore and net worth of ₹18,215.78 crore. The transaction is a related party deal carried out at arm's length, and since both buyer and seller are wholly-owned by Torrent Power, no separate sale agreement was executed.
This is a routine internal restructuring with no material impact on shareholders. Since both the buyer and the entities whose shares were sold are entirely owned by Torrent Power, the transaction does not change the group's ownership or consolidation structure. Investors can ignore this as a non-event from a financial perspective.