NHPC Limited has informed the Exchange about General Updates-Intimation regarding change in holding of subsidiary Company of NHPC Limited
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NHPC has informed the stock exchanges that its shareholding and voting rights in subsidiary M/s Ratle Hydroelectric Power Corporation Limited (RHPCL) have decreased from 59.51% to 49.72%. The change happened because the co-promoter, Jammu and Kashmir State Power Development Corporation Limited (JKSPDCL), made an additional equity contribution to RHPCL. NHPC clarified that this is a temporary situation and its holding will be restored once it contributes matching equity, which is currently under process. Despite the dip below 50%, NHPC remains in control as the majority shareholder, and further updates will follow.
Short-term dilution of NHPC's stake in the Ratle hydro project due to a co-promoter capital infusion, but NHPC has confirmed it will restore its majority stake shortly. No material impact on consolidated financials or shareholder value is expected at this stage.