In compliance to Regulation 30 of SEBI LODR, intimation regarding change in holding of Chenab Valley Power Corporation Limited (a Subsidiary of NHPC) is submitted. The details given in ....
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NHPC Limited's shareholding and voting rights in its subsidiary M/s Chenab Valley Power Projects Limited (CVPPL) has decreased from 58.16% to 50.86%. This change occurred due to receipt of additional equity contribution from M/s Jammu and Kashmir State Development Corporation Limited (JKSPDCL), another promoter of CVPPL. The reduction of approximately 7.3 percentage points in NHPC's stake was triggered by the new equity infusion by the co-promoter.
NHPC's holding in its subsidiary has dropped below the 50% threshold, reducing its control over CVPPL. While CVPPL remains a subsidiary, the reduced stake may have implications for NHPC's consolidated financials and voting power in the subsidiary's decisions.