Torrent Power has completed the acquisition of 100% equity shares and convertible instruments of Nabha Power (NPL) from L&T Power Development (L&T) at a total consideration of Rs 3,632.35 crore. With this, NPL has become a wholly owned subsidiary of the company.
Earlier, the company had entered into a Securities Purchase Agreement on February 16, 2026 to acquire 100% of the equity stake and convertible instruments of NPL from L&T.
Torrent Power is an integrated utility engaged in the business of power generation, transmission and distribution with operations in the states of Gujarat, Maharashtra and Uttar Pradesh.
| Company Name | CMP |
|---|---|
| NTPC | 352.15 |
| Tata Power | 389.05 |
| Power Grid Corpn. | 283.95 |
| Adani Power | 229.25 |
| Torrent Power | 1412.40 |
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