Outcome of board meeting of Orient Green Power Company
Held on 24 January 2018
The Board of Orient Green Power Company approved issue Equity Shares on a preferential basis to SREI Infrastructure Finance, the entity belonging to the Non-Promoter category for an amount not exceeding Rs. 13.71 crore on such price as determined in accordance with the provisions of Chapter VII of SEBI ICDR Regulations, subject to the approval of Shareholders and regulatory authorities as may be required. The Board also accorded its approval to sell the investments in one of the subsidiaries viz. Amrit Environmental Technologies, subject to Secured Creditors and other Regulatory approvals.Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content