Torrent Power to acquire Nabha Power from L&T for ₹6,889 crore
NEW DELHI: Torrent Power Ltd has entered into a definitive agreement with L&T Power Development Ltd (L&TPDL), a wholly owned subsidiary of Larsen & Toubro (L&T), to acquire a 100% equity stake and convertible instruments in Nabha Power Ltd (NPL) for an enterprise value of ₹6,889 crore.
NPL is a wholly owned subsidiary of L&TPDL, and the transaction is subject to regulatory approvals and customary closing conditions, Gujarat-based Torrent Power said in a statement on Monday.
