Orient Green Power Company Limited has informed the Exchange regarding 'Intimation under Regulation 30 of SEBI (LODR) Regulations, 2015'.
GREENPOWER · price
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On the reaction day the stock moved 1.0 pts less than Nifty Microcap 250 and 0.4 pts less than its Power Generation peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Orient Green Power Company Limited's Investment/Banking/Borrowing Committee approved creating a pledge on its equity and preference shareholdings in five subsidiaries in favour of SVL Limited, one of the company's promoters. The subsidiaries include Bharath Wind Farm Limited (100%), Beta Wind Farm Private Limited (23% equity and 100% preference), Orient Green Power Europe BV (100%), Gamma Green Power Private Limited (72.50%), and Clarion Wind Farm Private Limited (72.35%). The pledge is being given as security against loans already extended to the company and its subsidiaries. The company has stated the transaction is at arm's length and that the impact on the listed entity is Nil.
This is a related-party arrangement where the company is pledging its subsidiary holdings as collateral to its own promoter for existing loans, which signals tighter security enforcement on the debt but the company claims no financial impact on shareholders.