Torrent Power buys Newzone firms for ₹211 crore to set up Madhya Pradesh thermal project
The acquisition includes 11,95,110 equity shares of NZIPL, representing 49% equity, and 30,00,000 equity shares of NZPPPL, representing 100% equity, from the Sarawagi Family and related HUFs, making Torrent Power the effective owner of both companies. Shares of Torrent Power Ltd ended at ₹1,279.20, up by ₹10.65 or 0.84%, on the BSE today, September 23.
The acquisition includes 11,95,110 equity shares of NZIPL, representing 49% equity, and 30,00,000 equity shares of NZPPPL, representing 100% equity, from the Sarawagi Family and related HUFs, making Torrent Power the effective owner of both companies. Shares of Torrent Power Ltd ended at ₹1,279.20, up by ₹10.65 or 0.84%, on the BSE today, September 23.
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