Torrent Power gains on acquiring Wind Two Renergy for Rs 32.51 crore

Torrent Power is currently trading at Rs. 529.25, up by 4.70 points or 0.90% from its previous closing of Rs. 524.55 on the BSE.

The scrip opened at Rs. 528.00 and has touched a high and low of Rs. 532.00 and Rs. 525.10 respectively. So far 3500 shares were traded on the counter.

torrent power gains on raising rs 270 crore via ncds
torrent power gains on raising rs 270 crore via ncds

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 606.05 on 15-Dec-2021 and a 52 week low of Rs. 416.00 on 19-May-2022.

Last one week high and low of the scrip stood at Rs. 532.00 and Rs. 497.80 respectively. The current market cap of the company is Rs. 25210.75 crore.

The promoters holding in the company stood at 53.57%, while Institutions and Non-Institutions held 29.44% and 17.00% respectively.

Torrent Power has acquired 3,25,10,000 equity shares of Wind Two Renergy (WTRPL) at a face value of Rs 10 each aggregating to Rs 32.51 crore representing 100% of paid-up capital of WTRPL from lnox Green Energy Services (formerly known as lnox Wind Infrastructure Services) (the seller). This acquisition supports the company’s focus area of sustainable growth through renewable energy.

Torrent Power is an integrated utility engaged in the business of power generation, transmission and distribution with operations in the states of Gujarat, Maharashtra and Uttar Pradesh.

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