NHPC Limited has informed the Exchange about General Updates- Intimation regarding change in holding of subsidiary Company of NHPC Limited
NHPC · price
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NHPC Limited has informed the exchanges about a change in its shareholding in subsidiary Chenab Valley Power Projects Limited (CVPPL). NHPC's stake decreased from 58.16% to 50.86% following additional equity contribution by co-promoter Jammu and Kashmir State Power Development Corporation Limited (JKSPDCL). Despite the dilution, NHPC retains majority control above 50%, so CVPPL remains its subsidiary. This appears to be a routine equity adjustment between promoters of the joint venture company.
Minor dilution impact as NHPC's voting rights in the subsidiary decreased by about 7.3 percentage points. However, since NHPC still holds majority stake, CVPPL remains a consolidated subsidiary with no immediate impact on NHPC's consolidated financials or standalone valuation.