When will the cable business of Torrent Power demerger? Company officials responded

Torrent Power is an Indian energy and power company, which manufactures power generation, transmission, distribution and power cables. Now this company has undertaken the process of separating its cable business. Company officials have informed about the separation of cable business of Torrent Power.

2 Month ago

In the company's November 6, 2019 earnings call, company officials disclosed the separation of Torrent Power's cable business.

It has further said that a decision has been taken to demerge the cable business into a wholly owned subsidiary of the company. This is just a restructuring to facilitate business operations. It has not clarified when the demerger will take place.

Company officials have said that the board of the company has decided to separate the cable business, which is a part of Torrent Power, from the main company.

As for the shares of Torrent Power, when the market closed on May 27, 2024, the stock fell by Rs 8 to close at Rs 1392. The market cap of the company is Rs 67,157 crore.