Orient Green Power Rights Issue 2024 FAQ's

Orient Green Power Rights Issue 2024 price is set at ₹13 per share. The Orient Green Power Rights Issue 2024 opens on Tue, Aug 27, 2024, and closes on Fri, Sep 13, 2024, for the subscription.

The allotment of Orient Green Power Rights Issue 2024 is expected to happen on or about September 19, 2024 as per the issue schedule.

The credit of Orient Green Power Rights Issue 2024 in Demat account is expected on or about September 24, 2024 as per the issue schedule.

Objects of the Issue:

The company proposes to utilize the Net Proceeds towards the funding of the following objects:

1. To invest/ infuse funds in a newly incorporated wholly owned subsidiary namely Delta Renewable Energy Private Limited (Delta) for developing the 19.8 MW Solar Power Project in Tamil Nadu (the Phase-1 Power Project);
2. Repayment/Pre-payment of unsecured loan availed by the company from Gamma Green Power Private Limited (GGPPL, one of the subsidiaries of the Company) & Clarion Wind Farm Private Limited (CWFPL, one of the step-down subsidiaries of the company);
3. To lend fresh loans to GGPPL and CWFPL to facilitate them to repay/pre-pay in full or part of unsecured loans availed by them from SVL limited, one of the Corporate Promoters of the Company;
4. Part-payment of security deposits towards contractual lease commitments of Beta Wind Farm Private Limited (BWFPL) one of the subsidiaries of the Company and;
5. General Corporate Purposes