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Board of Orient Green Power Company approves divestment in subsidiary

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Capital Market

Due to shift in Group Captive Model by subsidiary

Orient Green Power Company announced that the Investment & Borrowing Committee of the Board has approved to divest not less than 26% of the Equity shares held in the wholly owned subsidiary namely, Gayatri Green Power. 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.

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First Published: Jul 18 2015 | 11:15 AM IST

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