Torrent Power has announced the acquisition of 100% equity shares of Torrent Urja 47 Private Limited. The acquisition involved the purchase of 50,000 equity shares at a face value of ₹ 10 each, amounting to a total consideration of ₹ 5,00,000. This transaction was completed on March 27, 2026.
Torrent Urja 47 Private Limited, the entity acquired, has an authorised and paid-up share capital of ₹ 5,00,000, with no reported turnover. The acquisition was made from Torrent Green Energy Private Limited, a wholly-owned subsidiary of Torrent Power, making it a related party transaction conducted at arm’s length.
The acquisition aligns with Torrent Power’s strategy to explore various proposals for acquiring thermal power plants, either directly or through its subsidiaries, in order to establish a separate thermal business vertical. Torrent Urja 47 operates within the electricity generation industry.
No governmental or regulatory approvals were required for this acquisition, and the transaction was settled in cash. Torrent Urja 47 was incorporated in India and registered with the Registrar of Companies, Gujarat at Ahmedabad on March 19, 2025.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).