Announced Mon, 6 Jul · 19:19 IST
Orient Green Power invests final tranche in subsidiary Delta for solar projects
Fund Raising View source PDF
GREENPOWER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.9%1-day move
₹10.26
prior close
₹10.23
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.4+0.2+0.0+0.2-0.9-1.1-1.0-1.0-2.4-2.3————
Up moveDown movePending
AI summary
Orient Green Power subscribed to about 2.19 crore equity shares of its subsidiary Delta Renewable Energy in the fifth and final tranche of Delta's preferential issue, for around Rs 21.96 crore. The company's stake in Delta stays unchanged at 70 percent. Delta has commissioned a 7 MW solar project in Tamil Nadu and is developing a 17.6 MW solar project. This is a related party transaction done at arm's length basis.
Likely market impact
Marginal impact on the listed company. Investment supports subsidiary solar expansion with no change in ownership. Neutral to mildly positive for long-term growth.