Orient Green Power Company Ltd approves raising of Rs. 500 crores

The Board of Directors of Orient Green Power Company Ltd at its meeting held on May 07, 2015, has approved further issue of securities upto Rs. 5000 Million (Rupees Five Thousand Million Only ) through Domestic / international offerings by way of Foreign Currency Convertible Bonds (FCCB) and any other instruments, to Indian or Foreign Institutional Investors / Foreign Mutual Funds / Overseas Corporate Bodies / Foreigners / other Foreign parties / Indian Financial Institutions / Alternative Investment Funds / Qualified Institutional Buyers / Companies / individuals / other persons or investors, whether or not they are members of the Company, etc., pursuant to Section 62(1)(c) of the Companies Act, 2013, subject to approval of the shareholders at the ensuing General Meeting, and subject to such other approvals as may be required.

Shares of ORIENT GREEN POWER COMPANY LTD. was last trading in BSE at Rs.12.7 as compared to the previous close of Rs. 13.25. The total number of shares traded during the day was 45253 in over 185 trades.

The stock hit an intraday high of Rs. 13.5 and intraday low of 12.55. The net turnover during the day was Rs. 577459.

Source : Equity Bulls

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