Torrent Power Limited has completed the acquisition of 100% equity shares of its wholly-owned subsidiary, Torrent Urja 47 Private Limited (TU47), for a total cash consideration of ₹5,00,000. The acquisition price translates to ₹10 per share for 50,000 equity shares. The strategic move aims to facilitate the Company’s broader objective of establishing a separate thermal business vertical for future expansion proposals in the power generation sector.
Details of Intra-Group Acquisition
Torrent Power Limited announced on March 27, 2026, the full acquisition of Torrent Urja 47 Private Limited (“TU47”). The transaction involved purchasing 50,000 Equity Shares from its existing seller, Torrent Green Energy Private Limited (“TGEPL”), which was the Wholly Owned Subsidiary prior to the transaction.
The transaction successfully resulted in Torrent Power holding 100% of the Equity Share capital of TU47.
Consideration and Financials
The total consideration paid for the acquisition was ₹5,00,000/-, calculated based on the face value of ₹10 per share.
Details regarding the target entity, TU47, show that its Authorized Share Capital stands at ₹5,00,000/-, and its current Paid-up Share Capital is identical. Importantly, the turnover for TU47 is reported as Nil, and the entity was incorporated recently on March 19, 2025.
Strategic Rationale
The acquisition is identified as a related party transaction, conducted on an “arm’s length” basis. The core objective is to support the Company’s ongoing strategic review of its power portfolio. Torrent Power is considering various proposals for acquiring thermal power plants, either directly or through its subsidiaries, with the goal of establishing a separate thermal business vertical. The acquisition of TU47 supports this verticalization strategy.
Entity Profile
TU47 is incorporated in India and operates within the Electricity Generation industry. The consideration paid was Cash, and no governmental or regulatory approvals were noted as required for this internal share transfer.
Source: BSE
