Announced Sat, 27 Jun · 13:00 IST
Nabha Power seeks reclassification from Promoter Group to Public
Ownership Changes View source PDF
LTF · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+4.0%1-day move
₹298.70
prior close
₹299.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.6+1.9+2.1+2.6+4.0+4.8+5.4+9.7+12.5+5.4+2.4———
Up moveDown movePending
AI summary
Nabha Power Limited (NPL), which currently holds no shares in L&T Finance Ltd, has requested reclassification from the Promoter Group category to the Public category. The request follows NPL ceasing to be a subsidiary of L&T Power Development Ltd after L&T PDL transferred its 100 percent stake in NPL to Torrent Power Ltd. NPL confirms it meets SEBI Regulation 31A conditions. The request will be placed before the Board at its next meeting for consideration.
Likely market impact
Procedural reclassification. NPL holds zero shares, so no real change in promoter shareholding. Awaiting Board approval.