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Supreme Court Lifts Stay Order on Dadra & Nagar Haveli, Daman & Diu DISCOM Privatization

In the auctions, Torrent Power had emerged as the highest bidder to acquire the DISCOM

July 15, 2021

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The Supreme Court of India has lifted the suspension order imposed by the Bombay High Court on the distribution company (DISCOM) privatization process, according to the update provided to the Bombay Stock Exchange by Torrent Power. The tendering process for a 51% equity share in the power DISCOMs for the union territories of Dadra & Nagar Haveli and Daman and Diu, was earlier halted due to the court order.

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