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| Exchange Disseminated Time 19/08/2015 15:50:02 | | Orient Green Power Company Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 19, 2015, has approved the raising of INR 250 crores by way of equity shares on a preferential basis at a price as per SEBI ICDR Regulations. The existing promoter, SVL Limited (formerly known as M/s. Shriram Industrial Holdings Limited) and / or its subsidiaries will subscribe to shares equivalent to INR 150 Crores. Further, EW Special Opportunities Fund II Pte. Limited, Ecap Securities Limited and Forefront Capital Management Pvt. Ltd. shall be subscribing to shares equivalent to INR 100 Crores. The above issue is subject to the approval of the shareholders and other regulatory approvals, if any. |
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