Torrent Power has completed the acquisition of 100% stake in Torrent Urja 47 Private Limited for ₹5 lakh from its wholly owned subsidiary Torrent Green Energy Private Limited. The transaction was executed on March 27, 2026, at 6:42 pm as part of the company's strategic expansion into thermal power operations.

Transaction Structure and Details

The acquisition involved the purchase of 50,000 equity shares at face value of ₹10 each, totaling ₹5,00,000. The transaction was conducted as an arm's length deal between related parties, ensuring compliance with regulatory requirements under SEBI Listing Regulations.

Target Company Profile

Torrent Urja 47 Private Limited was incorporated on March 19, 2025, and is registered with the Registrar of Companies, Gujarat at Ahmedabad. The company operates in the electricity generation sector with an authorized and paid-up share capital of ₹5,00,000 each.

Strategic Business Objectives

The acquisition aligns with Torrent Power's broader strategy to establish a separate thermal business vertical. The company is actively considering various proposals for acquiring thermal power plants either directly or through subsidiary companies to strengthen its position in the thermal power generation segment.

Regulatory Compliance

Torrent Power disclosed the acquisition under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The transaction has been structured as a related party transaction conducted at arm's length, with no additional governmental or regulatory approvals required for completion.

Torrent Power Limited has announced the completion of a strategic acquisition in the renewable energy sector through its wholly owned subsidiary. The company disclosed that Torrent Green Energy Private Limited (TGEPL) has acquired 100% equity shares of Onix-One Enersol Private Limited, marking another step in expanding its renewable energy portfolio.

Acquisition Details

The transaction was completed on March 20, 2026, at 3:00 PM, involving the purchase of 10,000 equity shares from two individual sellers. The acquisition structure and financial details are outlined below:

The shares were acquired from Nikhil Hareshbhai Savaliya and Divyeshkumar Mansukhlal Savaliya, who each held a 50% stake in the company.

Target Company Profile

Onix-One Enersol Private Limited operates in the electricity generation from renewable energy sector. The company was incorporated on July 31, 2023, and has shown significant growth in its financial performance:

The substantial increase in turnover from FY24 to FY25 demonstrates the company's rapid growth trajectory in the renewable energy space.

Strategic Rationale

Torrent Power described itself as an integrated power player encompassing the entire value chain of power generation, transmission, and distribution. The acquisition of Onix-One Enersol is expected to enable the company to support its ongoing and upcoming client commitments. According to the disclosure, connectivity has already been secured and land has been identified for future renewable energy projects.

Regulatory Compliance

The acquisition was disclosed under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that the transaction does not fall within related party transactions, and no governmental or regulatory approvals were required for the acquisition. The disclosure was made in compliance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026.

This acquisition reinforces Torrent Power's commitment to expanding its renewable energy capabilities and supporting India's transition toward sustainable power generation.