Acquisition of equity shares of Newzone India Private Limited and Newzone Power Projects Private Limited

Torrent Power Limited has informed the Exchange about Acquisition of equity shares of Newzone India Private Limited and Newzone Power Projects Private Limited. of face value of ₹ 10 each at a total consideration aggregating to ₹ 211 Crore representing 49%. equity shares of NZIPL (51% of equity shares were already held by NZPPPL) and 100% equity.

An acquisition spends cash or issues shares today for earnings that arrive later, so the price paid and the funding route decide whether holders gain.

• Consideration and how it is funded
• Revenue and profit of the target
• Expected completion date
• Torrent Power to develop 1,600 MW Coal-Based Thermal Power Project in Madhya Pradesh (management committed by FY27)
• Company to set up a greenfield 2x800 MW Ultra-Supercritical power plant in Madhya Pradesh, making it the singl (management committed by FY27)