Torrent Power to acquire 51% stake in Dadra and Nagar Haveli, Daman and Diu Power Distribution Corp; stock gains
Torrent Power is all set to acquire 51% stake in Dadra and Nagar Haveli and Daman and Diu Power Distribution Corporation Limited. This agreement will ensure Torrent's presence in 12 cities spread across 3 States and 1 Union Territory
The SPV will be responsible for distribution and retail supply of electricity and holds distribution license in the Union Territory of Dadra and Nagar Haveli and Daman and Diu (DNH & DD), as per the company. Source: PTI