Securities Purchase Agreement executed between L&T Power Development Limited (wholly owned subsidiary of Larsen & Toubro), Nabha Power Limited (wholly owned subsidiary of L&T PDL), and Torrent Power Limited
Divestment of 100% of equity and convertible instruments held by L&T Power Development Limited in Nabha Power Limited
Transaction completed on June 25, 2026
L&T Power Development Limited received consideration of ₹3,632.35 crores (after closing adjustments)
Post-Transaction Shareholding
L&T Power Development Limited continues to hold 232,500,000 Non-Convertible Redeemable Preference Shares in Nabha Power Limited (0.1%)
Preference shares recorded at value of ₹157.92 crores in Nabha Power Limited's books as of March 31, 2026
Corporate Structure Impact
Nabha Power Limited ceased to be a subsidiary of L&T Power Development Limited effective June 25, 2026
Nabha Power Limited ceased to be a subsidiary of Larsen & Toubro Limited effective June 25, 2026
