Date: 2026-04-07Category: Press ReleaseState: Union GovernmentCountry: India
CCI approves proposed acquisition of 100% equity shares and non-cumulative optionally convertible redeemable preference shares in Nabha Power Ltd. by Torrent Power Ltd.
**Summary of Competition Commission of India Approval: Torrent Power Ltd. Acquisition of Nabha Power Ltd.**
**Overview**
On April 7, 2026, the Competition Commission of India (CCI) officially approved the acquisition of Nabha Power Limited by Torrent Power Limited. The transaction involves the purchase of 100% of equity shares and non-cumulative optionally convertible redeemable preference shares on a fully diluted basis.
**Parties Involved**
* **Acquirer:** Torrent Power Limited, a public listed company and part of the "Torrent Group." The group’s business interests include power generation, transmission, distribution, and cable manufacturing, as well as pharmaceuticals and gas distribution.
* **Target:** Nabha Power Limited (Target), a wholly owned subsidiary of the Seller.
* **Seller:** L&T Power Development Limited.
**Target Assets and Operations**
Nabha Power Limited operates a supercritical thermal power plant located in Rajpura, Punjab. The facility has been operational since 2014 and possesses a capacity of 2x700 Megawatts (MW).
**Administrative Details**
* **Posting Date:** 07 April 2026, 8:19 PM
* **Location:** PIB Delhi
* **Release ID:** 2249851
* **Reference:** NB/ONP
* **Status:** A detailed order from the Commission is expected to follow this announcement.
Key Entities Referenced
Competition Commission of India: The regulatory body responsible for approving the 100% acquisition of equity and preference shares in Nabha Power Ltd.
Torrent Power Ltd.: The acquirer entity and member of the Torrent Group, engaged in power generation, transmission, and distribution.
Nabha Power Ltd.: The target company being acquired, which operates a 1400 MW supercritical thermal power plant.
L&T Power Development Limited: The seller company divesting its 100% stake in Nabha Power Ltd. to Torrent Power Ltd.
Rajpura, Punjab: The central location of the thermal power plant assets involved in the acquisition.
Competition Commission of India
CCI approves proposed acquisition of 100%
equity shares and non-cumulative optionally
convertible redeemable preference shares in
Nabha Power Ltd. by Torrent Power Ltd.
Posted On: 07 APR 2026 8:19PM by PIB Delhi
The Competition Commission of India (CCI) has approved proposed acquisition of 100% equity shares
and non-cumulative optionally convertible redeemable preference shares in Nabha Power Ltd. by Torrent
Power Ltd.
The proposed combination entails the acquisition of 100% equity shares and noncumulative optionally
convertible redeemable preference shares (on a fully diluted basis) in Nabha Power Limited (Target) by
Torrent Power Limited (Acquirer) from L&T Power Development Limited (Seller).
The Acquirer is a public listed company engaged in the business of power generation, power transmission,
power distribution and manufacturing and supply of power transmission cables.
The Acquirer belongs to the ‘Torrent Group’, which is inter alia engaged in the power, pharmaceuticals
and gas distribution sectors.
The Target is a wholly owned subsidiary of the Seller and operates a 2x700 Megawatt supercritical thermal
power plant at Rajpura, Punjab, since 2014.
Detailed order of the Commission will follow.
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NB/ONP
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