Intimation under Regulation 30 of the SEBI [Listing Obligations and Disclosure Requirements] Regulations, 2015.
GREENPOWER · price
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Orient Green Power Company Limited has been allotted 2,33,333 equity shares at face value of Rs. 10 each in its subsidiary Delta Renewable Energy Private Limited (DELTA). This is part of the fourth tranche of a preferential issue, with the total issue being 3,33,333 shares. The cost of acquisition is Rs. 23,33,330. Following the allotment, Orient Green Power's equity holding in DELTA remains unchanged at 70%. DELTA was incorporated in November 2023 and has commissioned a 7 MW AC/9.8 MW DC solar power project in Tamil Nadu, with another 17.6 MW AC project under development.
This is an intra-group investment to fund renewable energy capacity expansion. The parent company's stake in the subsidiary remains unchanged, so there is no direct dilution or accretion for Orient Green Power shareholders. The filing indicates continued commitment to solar energy projects.