Orient Green Power Company Ltd. Increases Stake in Delta Renewable Energy
Chennai – April 1, 2026 – Orient Green Power Company Limited announced today that it has been allotted 233,333 equity shares in its subsidiary, Delta Renewable Energy Private Limited, as part of a preferential issue. The allotment, valued at Rs. 10 per share, represents 70% of the 333,333 shares offered in the tranche.The total consideration for the allotment was Rs. 23,33,330. Despite the additional investment, Orient Green Power Company Limited’s ownership stake in Delta Renewable Energy remains unchanged at 70%.
Delta Renewable Energy Private Limited was incorporated on November 29, 2023. The company currently has a paid-up equity share capital of Rs. 12,94,26,660. Delta has commissioned a 7 MWAC/9.8 MWDC solar power project in Thiruvallur District, Tamil Nadu, and has an EPC contract to develop a 17.6 MWAC (24.64 MWDC) solar power project in Thiruvannamalai District, Tamil Nadu, which is currently underway.
The transaction qualifies as a related party transaction according to SEBI LODR Regulations.
| Particulars | Details |
|---|---|
| Cost of Acquisition | Rs.23,33,330 |
| Percentage of Shareholding | 70% |
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