Torrent Power Limited (TORNTPOWER) announced the sale of equity shares of 20 of its subsidiaries to its wholly-owned subsidiary, Torrent Green Energy Private Limited, on 21 Mar 25.
Key details of the sale:
- Seller: Torrent Power Limited
- Buyer: Torrent Green Energy Private Limited (wholly-owned subsidiary)
- Subsidiaries Sold: 20 subsidiaries listed below
- Consideration: ₹424.26 crore
- Completion Date: Expected by 31 Mar 25
- Nature of Transaction: Related party transaction, conducted at arm's length.
Financial contribution of the 20 subsidiaries (for the last financial year):
- Total Revenue contribution: ₹217.72 crore (0.80% of Torrent Power's consolidated revenue of ₹27,183.21 crore)
- Total Net Worth contribution: ₹21.95 crore (0.17% of Torrent Power's consolidated net worth of ₹12,597.50 crore)
List of Subsidiaries sold:
- Torrent Solargen Limited
- Torrent Solar Power Private Limited
- Torrent Saurya Urja 4 Private Limited
- Torrent Saurya Urja 5 Private Limited
- Torrent Urja 7 Private Limited
- Torrent Urja 8 Private Limited
- Torrent Urja 9 Private Limited
- Torrent Urja 10 Private Limited
- Torrent Urja 11 Private Limited
- Torrent Urja 12 Private Limited
- Torrent Urja 13 Private Limited
- Torrent Urja 14 Private Limited
- Torrent Urja 15 Private Limited
- Torrent Urja 16 Private Limited
- Torrent Urja 17 Private Limited
- Torrent Urja 18 Private Limited
- Torrent Urja 19 Private Limited
- Torrent Urja 20 Private Limited
- Torrent Urja 21 Private Limited
- Torrent Urja 22 Private Limited