L&T completes Nabha Power divestment for ₹3,632.35 crores

Larsen & Toubro Limited has completed the divestment of Nabha Power Limited to Torrent Power Limited for a consideration of ₹3,632.35 crores. The transaction, executed through L&T Power Development Limited, involved the sale of 100% of the equity and convertible instruments held in Nabha Power Limited. Following the closing of the deal on June 25, 2026, Nabha Power has ceased to be a subsidiary of L&T Power Development Limited and the company.

Pursuant to the Securities Purchase Agreement signed earlier this year, L&T Power Development Limited received the adjusted consideration upon completion. While the equity stake has been transferred, L&T Power Development Limited continues to hold 2,32,50,00,000, 0.1% Non-Convertible Redeemable Preference Shares in Nabha Power Limited. These shares are recorded in the books of accounts of Nabha Power Limited at a value of ₹157.92 crores as on March 31, 2026.

Transaction Details

Particulars	Details
Buyer	Torrent Power Limited
Seller	L&T Power Development Limited
Stake Sold	100% equity and convertible instruments
Consideration	₹3,632.35 crores
Closing Date	June 25, 2026
Remaining Stake	2,32,50,00,000, 0.1% Non-Convertible Redeemable Preference Shares
Book Value of Remaining Stake	₹157.92 crores

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.83%	+0.21%	+7.38%	+4.02%	+16.97%	+180.34%

Vyoma.AI Limited, a wholly owned subsidiary of larsen & toubro , has incorporated a new wholly owned step-down subsidiary, LTN Compute Private Limited (LTNCPL), to establish AI compute infrastructure and provide technology-enabled services. The entity was incorporated on June 20, 2026, following the receipt of the Certificate of Incorporation from the Ministry of Corporate Affairs. This strategic move aims to bolster the group's capabilities in the artificial intelligence and technology services sector.

The newly formed entity has an authorised capital of Rs. 1,00,000, divided into 1,000 equity shares of Rs. 100 each. Vyoma.AI Limited, along with its nominee shareholder, has subscribed to the entire share capital, holding 100% of the equity shares. The subscription was made via cash consideration amounting to Rs. 1,00,000.

Key Details of LTN Compute Private Limited

Particulars	Details
Name	LTN Compute Private Limited (LTNCPL)
Date of Incorporation	June 20, 2026
Country of Incorporation	India
Authorised Capital	Rs. 1,00,000 (1,000 equity shares of Rs. 100 each)
Subscribed Capital	Rs. 1,00,000
Shareholding	100% held by Vyoma.AI Limited
Industry	AI compute Infrastructure and technology enabled services
Consideration	Subscription in Cash

The disclosure was submitted to the exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. As the entity is yet to commence business operations, turnover figures are not currently applicable. No specific governmental or regulatory approvals were required for this incorporation, and the transaction does not fall within related party transactions.