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Orient Green Power soars on getting nod to divest stake in Gayatri Green Power

20 Jul 2015 Evaluate

Orient Green Power Company is currently trading at Rs. 14.79, up by 0.60 points or 4.23% from its previous closing of Rs. 14.19 on the BSE.

The scrip opened at Rs. 14.95 and has touched a high and low of Rs. 15.33 and Rs. 14.71 respectively. So far 109720 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 20.10 on 20-Jan-2015 and a 52 week low of Rs. 11.50 on 08-Oct-2014.

Last one week high and low of the scrip stood at Rs. 15.33 and Rs. 13.60 respectively. The current market cap of the company is Rs. 846.44 crore.

The promoters holding in the company stood at 75.00% while Institutions and Non-Institutions held 9.22% and 15.78% respectively.

Orient Green Power Company has received approval to divest not less than 26% of the equity shares held in the wholly owned subsidiary namely Gayatri Green Power. The Investment & Borrowing Committee of the board has approved for the same.

The above said disinvestment is necessitated due to the decision taken to shift to Group Captive Model by the subsidiary which entails participation of not less than 26% of the shareholding in that subsidiary by the Group Captive consumers of power.

Orient Green Company is leading Indian independent renewable energy-based power Generation Company focused on developing, owning and operating a diversified portfolio of renewable energy power plants. The company is the largest independent operator and developer of renewable energy power plants in India based on aggregate installed capacity.

 

Orient Green Power Share Price

10.83 -0.26 (-2.34%)
11-Jun-2026 16:59 View Price Chart
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