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The Competition Commission of India approved Torrent Power's proposal to acquire 100% of Nabha Power Ltd from L&T Power Development Ltd for an enterprise value of Rs 6,889 crore. Nabha Power operates a 2x700 MW thermal power plant in Rajpura, Punjab.
“CCI approves the proposed acquisition of 100 per cent equity shares and non-cumulative optionally convertible redeemable preference shares in Nabha Power Ltd. by Torrent Power Ltd.”business-standard.com
Summarized from public sources; check the original articles before acting on it.