Torrent Power Limited — Important, 26-03-2025: Sale or disposal

Torrent Power has announced a board meeting to discuss the sale of equity shares of various subsidiaries to its wholly owned subsidiary, Torrent Green Energy Private Limited. The sale, valued at ₹474.26 Crore, involves shares from 10 subsidiaries, contributing a total revenue of ₹224.82 Crore and a net worth of ₹0.83 Crore to the company's consolidated figures. The transaction is a related party transaction conducted at arm's length and is expected to complete by March 31, 2025.

This divestment could strengthen Torrent Power's operational focus and streamline its subsidiary portfolio, potentially leading to a positive outlook for investor sentiment regarding operational efficiency and profitability moving forward.