India, Feb. 8 -- Torrent Power has inked binding term sheet in relation to acquisition of 100% stake in Airpower Windfarms (AWPL). The cost of acquisition is Rs 21.74 crore.
Earlier, the company had 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).
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. Published by HT Digital Content Services with permission from Accord Fintech. For any query with respect to this article or any other content requirement, please contact Editor at contentservices@htlive.com
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