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CCI clears Torrent Power’s acquisition of Nabha Power
The Competition Commission of India has approved the proposed acquisition of 100% equity shares and non-cumulative optionally convertible redeemable preference shares in Nabha Power Limited by Torrent Power Limited. The transaction involves Torrent Power acquiring the entire shareholding in Nabha Power from L&T Power Development Limited on a fully diluted basis. Nabha Power is currently a wholly owned subsidiary of the seller. Torrent Power is a publicly listed company engaged in power generation, transmission, and…