L&T Technology Services Receives Request for Nabha Power Limited Re-classification
L&T Technology Services Limited has received a request from Nabha Power Limited (NPL) seeking to change its classification within the company's ownership structure. The requested re-classification is moving NPL from the 'Promoter Group' category to the 'Public' category.The provided data shows that in relation to this matter, Nabha Power Limited currently holds Nil shares with a Nil percentage of holding.
This request stems from the cessation of NPL as a subsidiary of L&T Power Development Limited (L&T PDL). The change is related to the transfer of 100% equity and convertible instruments held by L&T PDL in NPL to Torrent Power Limited.
The communication confirming the re-classification states that NPL fulfills and will continue to fulfill the necessary conditions set out for this transition. The request is slated to be placed before the Board of Directors of L&T Technology Services at its forthcoming meeting for consideration.
LTTS Stock Price Movement
On Thursday, shares of L&T Technology Services Limited edged higher, settling at ₹3329 after gaining 0.2%. The stock traded within a tight intraday range, finding a low of ₹3305 and topping out at ₹3357 during the session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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