Torrent Power Limited has informed the stock exchanges about the sale of its entire equity stake in UNM Foundation, which was earlier an associate company. The disclosure was made on March 30, 2026, to both BSE Limited and National Stock Exchange of India Limited in line with regulatory requirements.
The company stated that it has sold 50,000 equity shares of UNM Foundation. Each share had a face value of ₹10, and the total transaction value stood at ₹5,00,000. The deal was completed on March 30, 2026, at around 5:40 pm, and the company confirmed that the transaction had been fully executed.
UNM Foundation is registered as a Section 8 company, which means it operates as a non-profit organization. Due to its nature, it did not contribute any turnover or revenue to Torrent Power Limited during the last financial year. The company also clarified that this transaction does not fall under a slump sale or any arrangement scheme, so several related disclosure requirements are not applicable in this case.
The buyer of the shares is Torrent Investments Limited, which is the holding company and promoter of Torrent Power Limited. As a result, the transaction is classified as a related party transaction. However, the company clearly mentioned that the deal was carried out at arm’s length, meaning it was done on fair and market-based terms.
Interestingly, no formal sale agreement was signed for this transaction because the shares were directly transferred to the holding company. This is often seen in internal restructuring moves within corporate groups.
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