Orient Green Power Company is planning to raise up to Rs 250 crore through issue of equity rights to its existing shareholders. Under the rights issue, a company invites its shareholders to buy additional shares at a discount. Shareholders get rights to purchase shares at lower than the market rate, helping the company raise funds without bringing in new investors.
Orient Green Power Company is a leading Indian independent renewable energy-based power generation company focused on developing, owning and operating a diversified portfolio of renewable energy power plants.