India, April 7 -- The Government of India has issued a release:
The Competition Commission of India (CCI) has approved proposed acquisition of 100% equity shares and non-cumulative optionally convertible redeemable preference shares in Nabha Power Ltd. by Torrent Power Ltd.
The proposed combination entails the acquisition of 100% equity shares and noncumulative optionally convertible redeemable preference shares (on a fully diluted basis) in Nabha Power Limited (Target) by Torrent Power Limited (Acquirer) from L&T Power Development Limited (Seller).
The Acquirer is a public listed company engaged in the business of power generation, power transmission, power distribution and manufacturing and supply of power transmission cables.
The Acq...