First tranche of subsidiary stake sale completed, EV at about INR 176 Crore

Core Business DivestedStrategic Transactions View source PDF Explain this filing

ORIANA · price

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Price reactionminutes from the announcement price · days from the prior close

+0.3%Reaction day

₹314.00

prior close

₹315.55

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.3%+0.6% vs market

On the reaction day the stock moved 0.6 pts more than Nifty Microcap 250, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+2.9

10m

+2.3

15m

+1.9

30m

+1.4

Sessions after the filingfrom the prior close

StockMarketvs market

Reaction day

+0.3-0.3+0.6

Next day

-2.5-1.5-1.0

-3.8-1.5-2.3

-3.8-0.2-3.5

-3.8-0.5-3.3

-6.8-3.2-3.6

-11.3-2.2-9.2

15d

-23.6-9.5-14.1

-26.8pendingpending

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UpDownMarket · Nifty Microcap 250Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Oriana Power has completed the first tranche of selling its 74 percent stake in subsidiary Truere Current Private Limited to Leo Energies (Actis group entity). The subsidiary holds a 40MWp solar project with 20MWh battery storage. Enterprise value is about INR 176 Crore, subject to closing adjustments. The sale is part of the company's asset-recycling strategy to strengthen its balance sheet and fund growth in solar, open access, and BESS projects.

Likely market impact

Strengthens balance sheet and liquidity. Proceeds will be redeployed into solar and battery storage projects.