India’s Torrent Power has completed the acquisition of 100% of the equity shares and total convertible instruments of fellow Indian firm Nabha Power Limited (NPL) from L&T Power Development Limited for a total of INR36.32bn ($383mn), following closing adjustments, POWERLINE reports.
The transaction follows the execution of a securities purchase agreement and the receipt of approval from the Competition Commission of India earlier this year.
With the completion of the acquisition, Nabha Power has become a wholly owned subsidiary of Torrent Power.
The acquisition strengthens Torrent Power's generation portfolio and marks the completion of a deal first announced after the parties signed the purchase agreement. The transaction was finalised after securing the required regulatory clearance from the Competition Commission of India and completing the agreed closing adjustments.
© 2026 bne IntelliNews, source Magazine