Torrent Power Limited has completed the acquisition of 100% equity shares and convertible instruments of Nabha Power Limited from L&T Power Development Limited. The total consideration for the transaction stood at Rs 3,632.35 crore following closing adjustments.
The Securities Purchase Agreement for the acquisition was initially disclosed to the exchanges on February 16, 2026. The Competition Commission of India granted its approval for the deal, with the clearance reported on April 8, 2026.
Nabha Power Limited has become a wholly owned subsidiary of Torrent Power Limited effective June 25, 2026. The completion was communicated to BSE and NSE under Regulation 30 of the SEBI Listing Regulations. Torrent Power had previously informed the exchanges about the execution of the Securities Purchase Agreement and the receipt of CCI approval for the transaction.
The transaction consideration of Rs 3,632.35 crore reflects adjustments made at closing. The acquisition covers all equity shares and convertible instruments of Nabha Power Limited. The adjustments were applied to the originally agreed consideration under the Securities Purchase Agreement.
Torrent Power Limited now holds full ownership of Nabha Power Limited following the closing. The acquisition process began with the agreement announced in February 2026 and received CCI clearance in April 2026. The transaction has been concluded within the same financial year with effect from June 25, 2026.
Disclaimer: This article is based on company filings submitted to the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE) and is for informational purposes only. It does not constitute investment advice or a recommendation. Investors should conduct their own research and consult a qualified financial advisor before making investment decisions.