Oriana Power Limited Board Notes Divestment of Stake in Subsidiaries Worth Up To Rs. 154.99 Crore
Oriana Power Limited announced on May 29, 2026, that its Board of Directors reviewed and took note of a management proposal regarding the divestment of stakes in certain subsidiaries. The move is framed as part of the company's strategic initiative aimed at capital re-cycling to fuel organic and inorganic growth.The Board meeting, held on May 28, 2026, addressed the potential sale of up to 74% of Oriana Power Limited's stake in specific subsidiaries.
The company stated that, in pursuing business growth strategies, it received a draft binding offer from potential buyers. These buyers may operate directly or through group entities. The proposal centers on the acquisition of up to 74% of the company's stake in the listed subsidiaries.
The financial details of the draft binding offer received by the company are as follows:
| Metric | Detail |
|---|---|
| Stake for Acquisition | Up to 74% of stake in certain subsidiaries |
| Potential Buyer | Direct entity or group entities |
| Aggregate Base Purchase Consideration | Up to Rs. 154,99,30,000/- |
| Value in Words | Rupees One Hundred Fifty-Four Crore NinetyNine Lakh Thirty Thousand Only |
Management noted that the aggregate base purchase consideration is subject to final negotiations and the finalization of definitive terms.
Oriana Power Limited confirmed that the Board reviewed and took note of the draft binding offer. The company stated that the definitive sale/divestment proposal will be placed before the Board and the shareholders, as applicable, for necessary approvals once negotiations are concluded and definitive terms are finalized.
ORIANA Stock Price Movement
On Wednesday, Oriana Power Limited shares slipped by 0.01% to settle at ₹1924.6. The stock traded on a volume of 49,050 shares, having ranged during the session between ₹1906.1 and ₹1973.95.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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