CCI Greenlights Torrent Power's Full Acquisition of Nabha Power
The Competition Commission of India (CCI) has approved Torrent Power Limited's acquisition of 100% of Nabha Power Limited's shares. This significant move involves purchasing both equity shares and optional convertible preference shares from L&T Power Development Limited. Torrent Power, part of the Torrent Group, is involved in various sectors including power generation and distribution. Nabha Power, a subsidiary of the seller, operates a large thermal power plant in Punjab.
Source: Original Link