"The Board of Directors of Pallavi Power & Mines Ltd, a subsidiary of Orient Green Power Company Limited (OGPL) at its Board Meeting approved and allotted 2,10,000 Equity Shares of Rs 100 each to OGPL and 6,42,240 equity shares of Rs 100 each to Shalivahana Green Energy Limited (JV Partner)," Orient Green Power Company Ltd has informed BSE today.
According to the statement, consequent to the allotment of aforesaid shares, the equity holding of OGPL in Pallavi has been reduced from 51 per cent to 38.87 per cent.
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