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L&T to sell Nabha Power to Torrent Power
Torrent Power Limited has signed a definitive agreement to acquire 100% equity stake and convertible instruments in Nabha Power Limited (NPL) from L&T Power Development Limited (L&T PDL), a wholly owned subsidiary of Larsen & Toubro (L&T), for an enterprise value of Rs 6,889 crore. The Securities Purchase Agreement (SPA) was executed on February 16,…