Oriana Power Limited Incorporates Step-Down Subsidiary, SOLAREDGE ENERGY PRIVATE LIMITED
Oriana Power Limited has announced the incorporation of SOLAREDGE ENERGY PRIVATE LIMITED as its step-down subsidiary. The new entity received its Certificate of Incorporation from the Ministry of Corporate Affairs on May 19, 2026, following the original issuance date of May 14, 2026.The establishment of SOLAREDGE ENERGY PRIVATE LIMITED is aimed at dealing in the generation of any kind of power or electric energy. The company's ownership structure confirms that SOLAREDGE ENERGY PRIVATE LIMITED is a wholly owned subsidiary of OPL Solar Services Private Limited, which itself is a wholly owned subsidiary of Oriana Power Limited.
Subsidiary Profile and Financial Details
The new entity, identified with CIN U35101UW2026PTC253139, is structured with an authorized capital of Rs. 100,000/- (Rupees One lakh only), divided into 10,000 equity shares of Rs. 10 each.Key details regarding the new subsidiary and its acquisition are summarized below:
| Particulars | Detail |
|---|---|
| Name of Target Entity | SOLAREDGE ENERGY PRIVATE LIMITED |
| CIN | U35101UW2026PTC253139 |
| Authorized Capital | Rs. 100,000/- (10,000 equity shares of Rs. 10 each) |
| Turnover | Nil (yet to commence business operations) |
| Industry/Object | Generation of any kind of power or electric energy |
| Nature of Consideration | Cash consideration |
| Cost of Acquisition | At par |
| Shareholding Acquired | 100% of the shareholding (via OPL Solar Services Private Limited) |
| Country of Incorporation | India |
The company confirmed that the consideration for the acquisition will be cash consideration, priced at par. The business line of SOLAREDGE ENERGY PRIVATE LIMITED aligns with the generation of power or electric energy. The company is noted as having commenced its operations on May 14, 2026, and has reported no turnover for the last three years, as it is a newly incorporated company.
ORIANA Stock Price Movement
On Tuesday, Oriana Power Limited shares slipped by 0.28%, falling ₹5.00 to close at ₹1801.5. The equity saw total trading activity of 40,800 shares throughout 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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