Shriram EPC has received an approval for sale and transfer of 20,210,020 ordinary shares of Shriram EPC (Singapore) held by the company to Shriram Industrial Holdings and the consequent indirect acquisition of the shareholding and control of Orient Green Power Company by Shriram Industrial Holdings (Sale Transaction). The board of company at its meeting held on February 22, 2013, has approved for the same. It has also received approval for the execution of the Master Framework Agreement to be entered into by the company in relation to the Sale Transaction.
Besides, the board has also approved for sale and transfer of 374,429 equity shares of Blackstone Group Technologies, 8,660,445 equity shares of Hamon Shriram Cottrell, 80,697,877 equity shares of Leitwind Shriram Manufacturing and 11,650,001 equity shares of Shriram SEPL Composites held by the company to Shriram Industrial Holdings.
Shriram EPC is one of the leading service providers of the integrated designs, engineering, procurement, construction and project management services for power plants, renewable energy projects, process and metallurgical plants and municipal service sector projects throughout India and overseas.
