NHPC Limited's Stake in Chenab Valley Power Projects Changes Following Equity Injection
NHPC Limited has announced a change in its shareholding and voting rights in its subsidiary, M/s Chenab Valley Power Projects Limited (CVPPL). The adjustment was necessitated by the receipt of an additional equity contribution from another promoter of CVPPL.The core change in stake involves NHPC Limited's interest in CVPPL. According to the announcement, the company's holding in the subsidiary has reduced from 58.16% to 50.86%.
The revision in shareholding is directly attributed to the receipt of additional equity contribution from M/s Jammu and Kashmir State Power Development Corporation Limited (JKSPDCL), which is also a promoter of CVPPL.
The following table summarizes the change in NHPC Limited's stake in the subsidiary:
| Metric | Previous Holding | Current Holding |
|---|---|---|
| Shareholding in CVPPL | 58.16% | 50.86% |
NHPC Limited confirmed that the revision of its stake in CVPPL reflects the capital infusion received from JKSPDCL.
NHPC Stock Price Movement
NHPC Limited saw its shares slip 2.01% today, settling at ₹79.19 in post-market trading. The decline occurred amid significant activity, with the stock trading a total volume of 15.58 million shares today.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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