Torrent Power’s wholly-owned subsidiary, Torrent Green Energy Private Limited (TGEPL), has acquired 100% equity shares of Onix-One Enersol Private Limited. The acquisition involved the purchase of 10,000 equity shares at a face value of ₹10 each, amounting to a total consideration of ₹1,00,000. The transaction was completed on March 20, 2026, at 03:00 pm.
Onix-One Enersol, incorporated on July 31, 2023, operates in the renewable energy sector, specifically in electricity generation. The company’s turnover for the financial year 2025 was ₹19.44 crore, showing significant growth from ₹2.07 crore in the previous year. The acquisition is expected to bolster Torrent Power‘s capabilities in meeting ongoing and future client commitments, as Onix has already secured connectivity and identified land for its operations.
The acquisition does not fall within related party transactions, and there is no interest from the promoter group or related companies in Onix. The transaction was executed as a cash consideration, and no governmental or regulatory approvals were necessary for the acquisition.
Torrent Power, an integrated power player, aims to leverage this acquisition to enhance its value chain in power generation, transmission, and distribution. This strategic move aligns with the company’s objectives to expand its footprint in the renewable energy sector.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).