Orient Green Power Company has received approval to divest not less than 26% of the equity shares held in the wholly owned subsidiary namely Gayatri Green Power. The Investment & Borrowing Committee of the board has approved for the same.
The above said disinvestment is necessitated due to the decision taken to shift to Group Captive Model by the subsidiary which entails participation of not less than 26% of the shareholding in that subsidiary by the Group Captive consumers of power.
Orient Green Power Company is leading Indian independent renewable energy-based power Generation Company focused on developing, owning and operating a diversified portfolio of renewable energy power plants. The Company is the largest independent operator and developer of renewable energy power plants in India based on aggregate installed capacity.
Orient Green Power Company is currently trading at Rs.14.95, up by 0.76 points from its previous closing of Rs 14.19 on the BSE.
The above said disinvestment is necessitated due to the decision taken to shift to Group Captive Model by the subsidiary which entails participation of not less than 26% of the shareholding in that subsidiary by the Group Captive consumers of power.
Orient Green Power Company is leading Indian independent renewable energy-based power Generation Company focused on developing, owning and operating a diversified portfolio of renewable energy power plants. The Company is the largest independent operator and developer of renewable energy power plants in India based on aggregate installed capacity.
Orient Green Power Company is currently trading at Rs.14.95, up by 0.76 points from its previous closing of Rs 14.19 on the BSE.
No comments:
Post a Comment