Orient Green Power Company Limited has informed the Exchange about General Updates
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Orient Green Power Company has been allotted 61,44,490 equity shares (face value Rs. 10 each) in its subsidiary Delta Renewable Energy Private Limited (DELTA) under the third tranche of a preferential issue. The total issue size in this tranche was 87,77,843 shares, and Orient Green subscribed to 70% of it, paying around Rs. 6.14 crore. The company's equity holding in DELTA remains unchanged at 70% after the allotment. DELTA has commissioned a 7 MW AC / 9.8 MW DC solar power project in Tamil Nadu and is developing another 17.6 MW AC / 24.64 MW DC solar project. The transaction is a related party transaction carried out at arm's length basis.
This is an internal group restructuring where the parent is maintaining its existing 70% stake in a renewable energy subsidiary. No new dilution for existing shareholders and no change in consolidated ownership. The investment supports the subsidiary's solar project pipeline, which is incrementally positive for long-term renewable energy capacity buildout.