Orient Green Power Pte Ltd Singapore ('OGPPL'), a company belonging to the Promoter Group has entered into Scheme of Compromise and Arrangement, with Shriram EPC (Singapore) PTE Ltd, Singapore ('hereinafter SEPC') and Shriram Ventures Pte Ltd, Singapore, whereby the shares held by OGPPL in the equity share capital of our Company shall stand proportionately distributed to the shareholders of OGPPL.
The Scheme of Arrangement has been approved by the Honourable High Court of the Republic of Singapore. OGPPL has been a promoter of our Company since 2010, and currently holds 34.91% stake in the Company.
Shriram EPC (Singapore) PTE Ltd, Singapore ('SEPC PTE') holds 37.7% in the equity share capital of OGPPL. The entire equity share capital of SEPC PTE is held by SVL Limited, the Indian Promoter Group company. The other equity shareholders of OGPPL, who are financial investors, are Beseemer India Capital OGPL Ltd ('BVP') with 37.7% and AEP Green Power Limited ('AEP') with 24.6%.
Pursuant to the distribution of shares under the said Scheme of Compromise and Arrangement, SVL Limited, BVP and AEP will come to hold 34.95%, 13.16% and 8.59% respectively. The total promoter shareholding in the equity share capital of our Company would thereafter be 48.73%.
Shares of ORIENT GREEN POWER COMPANY LTD. was last trading in BSE at Rs.7.6 as compared to the previous close of Rs. 7.64. The total number of shares traded during the day was 10940 in over 28 trades.
The stock hit an intraday high of Rs. 7.84 and intraday low of 7.54. The net turnover during the day was Rs. 83826.