Torrent Power announced the sale of equity shares in three of its Wholly-owned Subsidiaries to its subsidiary, Torrent Energy Storage Solutions Private Limited, on March 30, 2026. The total consideration for the disposal was ₹3,00,000. The transaction was classified as a related party transaction executed at “arm’s length”. The combined revenue and net worth of the disposed entities were negligible relative to the consolidated figures.
Disclosure of Subsidiary Share Sale
Torrent Power officially disclosed the transaction regarding the sale of Equity Shares of various Wholly-owned Subsidiaries. The shares were transferred to Torrent Energy Storage Solutions Private Limited, another Wholly-owned subsidiary of the Company, on March 30, 2026.
Transaction Details and Consideration
The total consideration received from this sale/disposal amounted to ₹3,00,000, distributed as ₹1,00,000 for each of the three subsidiaries involved. The entities involved in the share transfer are listed below:
- Torrent Energy Storage Solutions 1 Private Limited
- Torrent Energy Storage Solutions 2 Private Limited
- Torrent Energy Storage Solutions 3 Private Limited
The completion date for the disposal is reported as Completed, and no formal agreement for sale was entered into since the transaction was between wholly-owned subsidiaries.
Related Party Status and Financial Impact
The transaction is confirmed to be a related party transaction but was executed on an “arm’s length” basis. The buyer in this transaction is Torrent Energy Storage Solutions Private Limited, itself a wholly owned subsidiary.
The financial contribution of the sold units to the Company’s last financial year performance was minimal:
- Total Consolidated Revenue (Last FY): ₹29,165.26 Crore.
- Total Consolidated Net Worth (Last FY, including NCI): ₹18,215.78 Crore.
- Total Net Worth Contribution from Subsidiaries: (₹6,00,000), representing (0.00)% of the Company’s consolidated net worth.
The company confirmed that the sale does not fall under the Scheme of Arrangement regulations.
Source: BSE
