Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Union Budget
Budget 2011-2012 Home
Industry Expectations - Budget 2011-2012
Industry Reactions - Budget 2011-2012
Budget 2010-2011
Budget 2010-2011 Home
Industry Expectations - Budget 2010-2011
Industry Reactions - Budget 2010-2011
Contributor's Corner
Bonanza Portfolio
Hemant K Gupta
Krish Bhatt
S A A R T H I
Trinity Investments
Exchange Information
BSE 2009 Holidays
NSE 2009 Holidays
Investor Guide
Depository & Dematerialisation
Grievance Redressal
Investor Guide
SEBI
Trading of Securities
Transfer of Securities
Your Rights
Budget 2009-2010
Budget 2009-2010 Home
Industry Expectations - Budget 2009-2010
Industry Reactions - Budget 2009-2010
Interim Budget 2009-2010 Home
Industry Expectations - Interim Budget 2009
Budget 2008-2009
Railway Budget 2008-2009
Industry Expectations - Budget 2008
Union Budget 2008-2009
Highlights of Budget 2008-2009
Summary of Budget 2008-2009
Industry Reactions - Budget 2008
IPOs
Current IPOs
Past IPOs
IPO Subscription
Mutual Funds
Gold Exchange Traded Fund
MF Unique Holding
Forthcoming Dividends
ELSS Schemes Comparison
Tax Plans
New Fund Offers
Research
Arbitrages
Equity
Market Whispers
Tax Planning
Home
Equity Linked Savings Scheme
Post Office MIS
9% GOI Senior Citizens Savings Scheme
8% Savings (Taxable) Bonds
Kisan Vikas Patra
National Savings Certificate
Public Provident Fund
Stock Report

| More

Equirus Capital acted as exclusive advisors to Orient Green Power and Shriram Group for raising Rs. 250 crores

Posted On: 2015-09-26 20:33:23

Orient Green Power Co. Ltd (OGPL) has raised Rs. 250 crore from existing promoters Shriram Venture Limited (SVL) and its subsidiaries and financial investors, including EW Special Opportunities Fund II Pte. Limited and Ecap Equities Limited, through preferential allotment.

Equirus Capital acted as exclusive advisors to OGPL and Shriram Group for the fund raise while Nishith Desai acted as the legal advisors.

Ajay Garg, Managing Director of Equirus Capital said "The investment is a strong vote of confidence by the promoters and investors in the business and management of OGPL. It will allow the company to achieve substantial growth and propel itself to being amongst the biggest renewable energy companies in India."

The Shriram group has re-iterated its commitment towards the renewable energy venture, having invested Rs. 5.5 bn in the last 5 years (through preferential allotments, open offers and secondary purchases) including this transaction.

The transaction also re-iterates investor interest in the renewable energy space which has seen multiple investments in the last 3 years. The preferential allotment is happening at a price of Rs. 14.56 per share, which has been determined as per SEBI Regulations.

OGPL is one of India's leading renewable energy players with 428 MW of operational wind assets and 106 MW of operational biomass assets. The company had earlier announced demerger of the biomass business for which board approval was obtained on June 13, 2015. OGPL will utilize these funds for growth capex as well as deleveraging.

Commenting on the transaction, S. Venkatachalam, Managing Director OGPL, said "The investment will enable the Company to augment its wind energy capacity and to reduce its interest outgo and outstanding debt. The improved cash flows will strengthen the financial position thereby enabling OGPL to better capture the significant growth opportunities in the renewable energy space."

Shares of ORIENT GREEN POWER COMPANY LTD. was last trading in BSE at Rs.11.95 as compared to the previous close of Rs. 11.46. The total number of shares traded during the day was 419198 in over 1118 trades.

The stock hit an intraday high of Rs. 12.32 and intraday low of 11.65. The net turnover during the day was Rs. 5037841.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

V-Mart Retail Ltd opens new fashion store in Uttarakhand
Divi's Laboratories Ltd receives EIR from US FDA for Unit 2 at Vizag
L&T Construction to build Mumbai Trans Harbour Link Order valued at Rs.8,650 Crore
Videocon Industries Ltd calls for Board Meeting on Nov 24, 2017
USFDA completes inspection of SMS Pharmaceuticals Limited's Unit 2 at Bachupally
Strides Shasun divests India brand business to Eris Lifesciences
Eris Lifesciences Ltd Q2 PAT climbs to Rs. 93.14 crore
Arrow Greentech Ltd Q2 net profit slides to Rs. 4.92 crore
WEP Solutions Ltd Q2 net profit higher at Rs. 0.35 crore
Kamat Hotels India Ltd Q2 net profit jumps to Rs. 18.27 crore
James Warren Tea Ltd Q2 PAT falls to Rs. 12.91 crore
Pudumjee Paper Products Ltd Q2 PAT at Rs. 3.79 crore
Savera Industries Ltd Q2 net profit jumps to Rs. 3.11 crore
CRISIL A1+ rating assigned to Rs. 2000 crore CP Programme of Edelweiss Financial Services Ltd
Siyaram Silk Mills Ltd calls for Board Meeting on Nov 27, 2017
Shri Krishna Prasadam Ltd announces resignation of Directors
Palred Technologies Ltd calls for Board Meeting on Nov 25, 2017
Speciality Restaurants Ltd opens Machaan franchise restaurant at Ranchi
Yash Papers Ltd to announce Q2 results on Dec 1, 2017
Anuh Pharma Ltd to consider 2nd quarter results on Dec 7, 2017
ICRA A1+ rating assigned to Rs. 2000 crore CP Programme of Edelweiss Financial Services Ltd
Swagruha Infrastructure Ltd's MD resigns
Ground breaking for Cochin Shipyard's Global ship repair hub on Nov 17
Mayur Uniquoters Ltd Board declares Second Interim Dividend & approves Buyback of Equity Shares
ITI Limited calls for Board Meeting on Dec 14, 2017
Prataap Snacks Ltd arm launches Yum-Pie snacks
Virinchi Hospitals receives NABH accreditation
Spenta International Ltd Q2 net profit jumps to Rs. 1.19 crore
Karma Energy Ltd Q2 net profit lower at Rs. 1.71 crore
Mayur Uniquoters Ltd Q2 PAT rises to Rs. 22.51 crore
Indian Toners & Developers Limited Board to consider Dividend on Nov 27, 2017
Kiri Industries Ltd calls for Board Meeting on Nov 27, 2017
SPIC Calls for Board Meeting on Dec 4, 2017
Concord Drugs Ltd announces resignation of company secretary
Sunshield Chemicals Ltd receives order worth Rs. 28 crores
Kalyani Forge Ltd Q2 net profit slides to Rs. 1.26 crore
KG Denim Ltd Q2 loss at Rs. 0.47 crore
Reliance General Insurance enters into multi year Bancassurance partnership with YES Bank
Titan Securities Ltd announces resignation of Mr. Rakesh Kumar Gupta
Salzer Electronics Ltd reports Q2 net profit of Rs. 5.81 crore
Hindustan Hardy Spicer Ltd Q2 loss at Rs. 0.34 crore
Tube Investments of India Ltd appoints Mr. Ramesh K B Menon as additional director
Titan Securities Ltd announces resignation of Ms.Aditi Jha
NRB Bearings Ltd appoints COO
Atishay Ltd Ltd calls for Board Meeting on Nov 27, 2017
Radio City Introduces the Next Generation of FM Entertainment - Video City, India's First Video FM
Seamec Reverse Merges Group Company
Bigbloc Construction announces Q2 FY17-18 results
Confidence Petroleum India Ltd calls for Board Meeting on Nov 25, 2017
Sadbhav Infrastructure Project Ltd declares interim dividend of Rs. 0.20


Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2017