Torrent Power Sells Subsidiaries for ₹3 Lakhs to Torrent Energy Storage
Torrent Power Limited sold three wholly-owned subsidiaries to Torrent Energy Storage Solutions Private Limited for ₹3,00,000 on March 30, 2026. The transaction is a related party transaction conducted on an arm's length basis. The consolidated revenue of Torrent Power was ₹29,165.26 crore, and net worth was ₹18,215.78 crore.
The transaction value of ₹3,00,000 is negligible compared to the company's consolidated revenue and net worth, indicating a minimal financial impact.
The sale of subsidiaries for a nominal amount and the fact that it is a related party transaction does not significantly impact the company's overall financial performance or stock value.
Torrent Power Limited announced on March 30, 2026, the sale of equity shares of three of its wholly-owned subsidiaries to another wholly-owned subsidiary, Torrent Energy Storage Solutions Private Limited. The transaction was completed on the same day.
The total consideration received for the sale of these subsidiaries amounted to ₹3,00,000. The subsidiaries involved in the sale are Torrent Energy Storage Solutions 1 Private Limited, Torrent Energy Storage Solutions 2 Private Limited, and Torrent Energy Storage Solutions 3 Private Limited.
This transaction is classified as a related party transaction and has been conducted on an arm's length basis. The announcement also provides details on the revenue and net worth contributed by these subsidiaries to the company's consolidated figures for the last financial year. The total consolidated revenue of Torrent Power for the last financial year was ₹29,165.26 crore, and its consolidated net worth was ₹18,215.78 crore.
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Torrent Power Limited filed this with the NSE as a statutory disclosure, categorised under other corporate actions. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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See the model portfoliosA plain-language summary of a public exchange filing by Torrent Power Limited. Read the original for the full detail.