Torrent Power Limited has completed the acquisition of 100 per cent equity shares and convertible instruments of Nabha Power Limited (NPL) from L&T Power Development Limited for a total consideration of Rs 36.32 billion, following closing adjustments.
The acquisition follows the execution of the securities purchase agreement and receipt of approval from the Competition Commission of India earlier this year. With the completion of the transaction, NPL has become a wholly owned subsidiary of Torrent Power.
