Orient Green Power advances on raising Rs 250 crore through preferential allotment

24 Sep 2015 Evaluate

Orient Green Power Company is currently trading at Rs. 12.16, up by 0.70 points or 6.11% from its previous closing of Rs. 11.46 on the BSE.

The scrip opened at Rs. 12.00 and has touched a high and low of Rs. 12.32 and Rs. 11.85 respectively. So far 1,38,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 20.10 on 20-Jan-2015 and a 52 week low of Rs. 9.95 on 08-Sep-2015.

Last one week high and low of the scrip stood at Rs. 12.32 and Rs. 10.80 respectively. The current market cap of the company is Rs. 693.00 crore.

The promoters holding in the company stood at 75.00% while Institutions and Non-Institutions held 9.22% and 15.78% respectively.

Orient Green Power Company (OGPL) has raised Rs 250 crore from existing promoter Shriram Venture (SVL) and its subsidiaries and financial investors, including EW Special Opportunities Fund II and Ecap Equities, through preferential allotment. Equirus Capital acted as exclusive advisor to OGPL and Shriram Group for raising funds, while Nishith Desai was the legal advisor.

Orient Green Power is the largest independent operator and developer of renewable energy power plants in the country based on aggregate installed capacity. The company’s portfolio currently includes biomass, biogas, wind energy and small hydroelectric projects at various stages of development.


Orient Green Power Share Price

15.83 -0.26 (-1.62%)
24-Jan-2025 16:59 View Price Chart
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