Torrent Power to buy 100% of Nabha Power for Rs 3,660.87 cr

Listed Co AcquisitionStrategic Transactions View source PDF Explain this filing

TORNTPOWER · price

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Price reactionminutes from the announcement price · days from the prior close

+0.4%Reaction day

₹1462.20

prior close

₹1467.40

announcement price

In-mkt

timing

Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)+0.4%-0.1% vs market

Power peers, median of 36sector · industry level+0.1%+0.3% vs sector

On the reaction day the stock moved 0.1 pts less than Nifty Midcap 150 and 0.3 pts more than its Power peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Midcap 150Sector · Power peers, median of 36Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Torrent Power has signed an agreement to acquire 100% equity stake and convertible instruments of Nabha Power from L&T Power Development for Rs 3,660.87 crores in cash. Nabha Power runs a 2x700 MW coal-based supercritical thermal power plant in Punjab with FY25 revenue of Rs 4,421.54 crores. The deal expands Torrent's thermal generation capacity and extends its presence to Northern India. Subject to CCI approval, expected to close by June 30, 2026.

Likely market impact

Adds 1,400 MW of thermal capacity, strengthening Torrent's power generation business. Near-term capex pressure but supports long-term growth.