Orient Green Power Rights Issue 2023 FAQ's

Orient Green Power Rights Issue 2023 price is set at ₹10 per share. The Orient Green Power Rights Issue 2023 opens on Mon, Aug 28, 2023, and closes on Fri, Sep 15, 2023, for the subscription.

The allotment of Orient Green Power Rights Issue 2023 is expected to happen on or about September 23, 2023 as per the issue schedule.

The credit of Orient Green Power Rights Issue 2023 in Demat account is expected on or about September 27, 2023 as per the issue schedule.

Objects of the Issue:

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:

1. Repayment of unsecured loans due from the company to Janati Bio Power Private Limited, one of the Promoters of the company,
2. Part repayment or pre-payment of unsecured loans to Janati Bio Power Private Limited, one of the Promoters of the company availed by Bharath Wind Farm Limited, one of the wholly owned subsidiaries of the company,
3. Repayment/ Pre-payment of certain secured loans including interest availed from lenders of the Company either in part or full,
4. Part repayment of secured loans including interest availed from lenders by Amrit Environmental Technologies Private Limited, one of the subsidiaries of the Company,
5. Part repayment or pre-payment of unsecured loans including interest availed from Beta Wind Farm Private Limited, one of the subsidiaries of the Company, and
6. General Corporate Purposes.