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The National Company Law Tribunal has sanctioned the Scheme of Arrangement between Torrent Power Limited and its wholly owned subsidiary, Torrent Green Energy Private Limited. This arrangement involves a slump sale and affects both companies' shareholders and creditors. The approval indicates a strategic move to streamline operations and enhance synergies within the group, potentially improving operational efficiency and shareholder value. Investors should monitor how this consolidation impacts future financial performance and operational capabilities, as it may present opportunities for growth in the renewable energy sector.