Oriana Power Promoters Issue Non-Disposal Undertaking Over 26% Stake
Promoters of Oriana Power Limited have collectively created a Non-Disposal Undertaking (NDU) concerning a significant portion of their equity holding in the company, signaling a commitment to long-term stability for stakeholders.The promoters, including Mr. Rupal Gupta, Mr. Parveen Kumar, and Mr. Anirudh Sarswat, executed the NDU across two tranches on June 19, 2026, and June 22, 2026.
The undertaking covers 52,82,979 equity shares of Oriana Power Limited, which constitutes 26.00% of the company's paid-up equity share capital. Each promoter holds 17,60,993 equity shares that are covered under this NDU.
A Non-Disposal Undertaking differs from a pledge in that it is an undertaking by the promoters to retain and not dispose of or transfer the shares during the subsistence period of the NDU. This commitment underscores the promoters' continued long-term dedication to Oriana Power Limited and the interests of all stakeholders.
ORIANA Stock Price Movement
Oriana Power Limited shares gained 1.62% on Thursday, settling at ₹1595.45 after closing out the session higher from its previous close of ₹1578.50. The stock traded within a day range of ₹1582.65 to ₹1623.95 amid 35,550 shares transacted.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.