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| Exchange Disseminated Time 19/01/2017 17:29:48 | Orient Green Power Company Ltd has informed BSE that the Board of Directors of the Company at its meeting held on January 19, 2017, has transacted the following:
OGPL & IL&FS to evaluate merging of Wind Businesses
The Board had approved entering into exclusive discussions with IL&FS Wind Energy to evaluate a potential merger of the Wind energy generation businesses of the Company and that of IL&FS.
Both companies have entered into an exclusivity period of 90 days. OGPL would like to clarify that any potential outcome is subject to due diligence, definitive documentation and approvals by regulators, creditors, shareholders and other third parties.
The Board meeting commenced at 03.30 P.M and concluded at 5.15 P.M. |
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