Torrent Power inks pacts to acquire 51% stake in power distribution utility of Dadra and Nagar Haveli
According to the statement, the SPV will be responsible for the distribution and retail supply of electricity and holds distribution licence in the Union Territory of Dadra and Nagar Haveli and Daman and Diu (DNH DD). TORRENT POWER LTD. - 532779 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Please find attached herewith Media Release on execution of Share Purchase Agreement and Shareholders Agreement for purchase of 51% Equity Share Capital of Dadra and Nagar Haveli and Daman and Diu Power Distribution Corporation Limited from Hon''ble Administrator of the Union Territory of Dadra and Nagar Haveli and Daman and Diu. TORRENT POWER LTD. - 532779 - Announcement under Regulation 30 (LODR)-Acquisition
Share Purchase Agreement (SPA) and Shareholders Agreement (SHA) between Torrent Power Limited (the Successful Bidder) and Hon''ble Administrator of the Union Territory of Dadra and Nagar Haveli and Daman and Diu (Holding Entity) and Dadra and Nagar Haveli and Daman and Diu Power Distribution Corporation Limited (the SPV) TORRENT POWER LTD. - 532779 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Please find attached herewith Media Release on completion of transaction of acquisition of 100% Equity Share Capital of Surya Vidyut Limited, which operates 156 MW of Wind Power Plants spread across the states of Gujarat, Rajasthan and Madhya Pradesh TORRENT POWER LTD. - 532779 - Completion Of Acquisition Of Surya Vidyut Limited
Pursuant to SEBI LODR and in furtherance to Company's intimation dated September 21, 2021, we inform that the Company has, pursuant to Share Purchase Agreement between Torrent Power Limited and CESC Limited, Haldia Energy Limited alongwith Nominal Shareholders (the Sellers) and Surya Vidyut Limited (SPV) as intimated earlier, completed transaction of acquisition of 100% Equity Share Capital of Surya Vidyut Limited, which operates 156 MW of Wind Power Plants spread across the states of Gujarat, Rajasthan and Madhya Pradesh. TORRENT POWER LTD. - 532779 - Announcement under Regulation 30 (LODR)-Issue of Securities
In continuation to our letter dated May 20, 2021, we hereby inform you that the Company has issued and allotted Series 7 - 2,500 Secured, Rated, Listed, Taxable, Non-Cumulative, Redeemable, Non-Convertible Debentures ('NCDs") of ? 250 Crore at a coupon rate of 6.5% p.a., 6.90% p.a. and 7.25% p.a. vide Series 7A, Series 7B and Series 7C respectively on private placement basis. TORRENT POWER LTD. - 532779 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Compliance pursuant to Regulation 39(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 TORRENT POWER LTD. - 532779 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Compliance pursuant to Regulation 39(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 TORRENT POWER LTD. - 532779 - Announcement under Regulation 30 (LODR)-Credit Rating
With reference to the above, we hereby inform you that CRISIL vide its letter dated February 17, 2022 has upgraded the long term credit rating of non-convertible debentures and long term bank facilities of the Company to 'CRISIL AA+/Stable' from 'CRISIL AA/Positive' considering, apart from other factors, continued strong profitability and sustained improvement in the leverage levels. CRISIL has reaffirmed its rating on the short-term bank facilities and commercial paper programme at 'CRISIL A1+'. The Rationale for the same as given by CRISIL is attached herewith. Kindly take note of the above. TORRENT POWER LTD. - 532779 - Completion Of Acquisition Of Visual Percept Solar Projects Private Limited
Pursuant to the SEBI LODR and further to the Company's intimation dated February 10, 2022, we inform that the Company has, pursuant to Share Purchase Agreement between Torrent Power Limited, Blue Daimond Properties Private Limited and Balrampur Chini Mills Limited, (the Sellers) and Visual Percept Solar Projects Private Limited (SPV) as intimated earlier, completed transaction of acquisition of 100% Equity Share Capital of Visual Percept Solar Projects Private Limited.