Orient Green to raise Rs 250 cr

Orient Green Power Company on Wednesday said its Board had approved raising Rs 250 crore by issuing shares on a preferential basis.

The existing promoter, SVL, formerly known as Shriram Industrial Holdings, and/or its subsidiaries will subscribe to shares equivalent to Rs 150 crore, the company said.

"EW Special Opportunities Fund II Pte, Ecap Securities and Forefront Capital Management shall be subscribing to shares equivalent to Rs 100 crore," it added.