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| Exchange Received Time 10/05/2017 18:11:26 Exchange Disseminated Time 10/05/2017 18:11:32 Time Taken 00:00:06 | | Pursuant to the provisions of Regulation 30 (7) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, in connection with the intimation to the Stock Exchanges dated November 06, 2015 and January 24 2017, We would like to bring to your notice that 'The Company had earlier signed a Share Purchase Agreement with M/s. Sindicatum Captive Energy Singapore Pte Limited towards sale of 100% equity shares held in M/s. Orient Green Power (Maharashtra) Pvt Ltd (OGPML). However M/s. Padmashri Dr. D.Y. Patil Sahakari Sakhar Karkhana Ltd (PDDPSSKL) exercised its option of first right to purchase the Shares of OGPML as per the terms of Build, Own Operate and Transfer (BOOT) Agreement signed with them. As a result, the SPA signed with M/s. Sindicatum Captive Energy Singapore Pte Limited stands cancelled and further an Memorandum of Understanding ( MoU) has been signed between OGPML and PDDPSSKL for a sale of 20 MW CO-Generation Power Plant at GAGANBAWDA, Kolhapur. The Board has approved the same through a circular resolution'. |
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