As part of the central government’s drive to privatise Union Territory discoms, Torrent Power on Wednesday said it has signed a share purchase agreement and shareholders’ agreement to buy a 51% equity stake in the power discom of Dadra & Nagar Haveli and Daman & Diu.
The power discom is incorporated as a special purpose vehicle (SPV) under the holding company Dadra & Nagar Haveli and Daman & Diu. The SPV will hold the distribution license for the retail supply of electricity in the union territory (UT), Torrent said in a statement.
