Torrent Pharma to acquire 26% stake in Torrent Urja 27 for captive renewable power project
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Ahmedabad: Torrent Pharmaceuticals Limited announced that it has entered into a Share Subscription and Shareholders' Agreement (SSSA) to acquire a 26 percent equity stake in Torrent Urja 27 Private Limited, a step-down Subsidiary of the Company’s holding Company. The Transaction is being carried out at arm’s length basis.
Torrent Urja, currently a wholly owned subsidiary of Torrent Green Energy Private Limited, is a special purpose vehicle formed for setting up captive power project in Gujarat.
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