Announced Sat, 27 Jun · 13:02 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, currently part of L&T Finance's Promoter Group but holding zero shares, has requested reclassification to the Public category. This follows L&T Power Development Limited (a wholly owned subsidiary of Larsen & Toubro) selling its full stake in Nabha Power to Torrent Power Limited. Since Nabha Power no longer has any L&T group link, it wants to exit the Promoter Group list. The request will be placed before L&T Finance's Board for consideration.
Likely market impact
Minimal shareholding impact as Nabha Power held no shares; mainly an administrative reclassification pending Board approval.