Torrent Pharma to acquire 26% stake in Torrent Urja 27 for captive renewable power project

Written by Ruchika Sharma Published On 2025-09-10T19:56:43+05:30 | Updated On 10 Sept 2025 7:56 PM IST

Torrent Pharma to acquire 26% stake in Torrent Urja 27 for captive renewable power project

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.

The investment, valued at Rs 7.92 crore for 79,19,340 Class A equity shares at a face value of Rs 10 each, is intended to enhance the share of renewable power sources in the operation of the Company and to comply with regulatory requirement for being a captive user under Indian electricity laws, Torrent stated in a BSE filing.

Torrent Urja, incorporated in India and registered with the Registrar of Companies, Gujarat at Ahmedabad on 06-Aug-24, has not yet commenced operations. The acquisition is expected to be completed within 18–20 months.

Torrent Pharmaceuticals, headquartered in Ahmedabad, Gujarat, is a prominent Indian pharmaceutical company known for developing, manufacturing, and marketing branded and generic medications. It operates across various therapeutic areas, including cardiovascular, central nervous system, and diabetes care, with a strong presence in both regulated and emerging global markets.

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Ruchika Sharma

Ruchika Sharma joined Medical Dialogue as an Correspondent for the Business Section in 2019. She covers all the updates in the Pharmaceutical field, Policy, Insurance, Business Healthcare, Medical News, Health News, Pharma News, Healthcare and Investment. She has completed her B.Com from Delhi University and then pursued postgraduation in M.Com. She can be contacted at editorial@medicaldialogues.in Contact no. 011-43720751