Oriana Power Limited Board Approves Sale of Solar Asset Stake to Helioact Power
Oriana Power Limited announced that its Board of Directors approved the sale and transfer of its entire stake held in several subsidiaries possessing solar assets. The approval, formalized during the meeting on May 28, 2026, authorizes the company to proceed with the sale to Helioact Power India 1 Private Limited.The proposed transaction involves the sale of the entire stake held by Oriana Power in the certain subsidiaries, which constitutes 74% of the total share capital in each entity.
The aggregate estimated enterprise value for these certain subsidiaries having solar assets is reported at INR 954,00,00,000/- (Rupees Nine Hundred Fifty-Four Crore Only). This value is subject to adjustments concerning Battery Energy Storage System (BESS) infrastructure, regulatory conditions, and the definitive terms of the Share Purchase Agreement.
The transaction is being executed with Helioact Power India 1 Private Limited, a group entity of Actis GP LLP. Oriana Power stated that Helioact does not belong to the promoter or promoter group companies. The transaction is characterized as not being a related party transaction.
Key Transaction Details
The sale is governed by a Share Purchase Agreement dated October 18, 2025. The transaction is expected to be completed within the next 180 days. The initial agreement for the sale was entered into on October 18, 2025.The key details of the transaction are outlined below:
| Particulars | Details |
|---|---|
| Buyer | Helioact Power India 1 Private Limited (A group entity of Actis GP LLP) |
| Stake Sold | 74% of total share capital in each subsidiary |
| Estimated Enterprise Value | INR 954,00,00,000/- |
| SPA Date | October 18, 2025 |
| Completion Timeline | Within the next 180 days |
| Buyer Status | Not a related party transaction |
ORIANA Stock Price Movement
On Wednesday, Oriana Power Limited shares slipped by 0.01% to settle at ₹1924.6. Trading through a volume of 49,050 shares, the stock moved within a notable range, hitting a day's low of ₹1906.1.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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