Nabha Power Limited seeks re-classification from Promoter Group to Public status
LTM Ltd has received a request from Nabha Power Limited (NPL) seeking to be re-classified from the 'Promoter Group' category to the 'Public' category. The company stated that this request is consequent to changes in NPLs ownership structure, which involve the transfer of equity holdings.The requested reclassification applies to the shareholding status of Nabha Power Limited (NPL). According to the details provided by LTM Ltd, NPL currently holds zero shares and has a nil percentage stake within the relevant category structure.
| Company Name | Present Category | No. of shares held | Percentage |
|---|---|---|---|
| NABHA POWER LIMITED | Promoter Group | Nil | Nil |
The request for re-classification stems from NPL ceasing to be a subsidiary of L&T Power Development Limited (L&T PDL). This status change follows the transfer of 100% equity and convertible instruments held by L&T PDL in NPL, which were transferred to Torrent Power Limited.
The letter confirming the request verified that NPL fulfills and will continue to fulfill all necessary conditions regarding its classification status. The request is scheduled to be presented before the Board of Directors of LTM Ltd for consideration at an upcoming meeting.
LTM Stock Price Movement
On Thursday, shares of LTM Limited slipped by 1.10% to settle at ₹3762.6 after the equity shed ₹41.70. This decline saw the stock plunge to its 52-week low, with a total traded volume of 241,517 shares recorded 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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