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| Exchange Received Time 11/07/2018 12:55:53 Exchange Disseminated Time 11/07/2018 12:56:01 Time Taken 00:00:08 | We hereby inform the exchange, that Orient Green Power Pte Ltd Singapore ('OGPPL'), a company belonging to the Promoter Group has entered into Scheme of Compromise and Arrangement, with Shriram EPC (Singapore) PTE Ltd, Singapore ('hereinafter SEPC') and Shriram Ventures Pte Ltd, Singapore, whereby the shares held by OGPPL in the equity share capital of our Company shall stand proportionately distributed to the shareholders of OGPPL.
The Scheme of Arrangement has been approved by the Honourable High Court of the Republic of Singapore. OGPPL has been a promoter of our Company since 2010, and currently holds 34.91% stake in the Company.
Shriram EPC (Singapore) PTE Ltd, Singapore ('SEPC PTE') holds 37.7% in the equity share capital of OGPPL. The entire equity share capital of SEPC PTE is held by SVL Limited, the Indian Promoter Group company. The other equity shareholders of OGPPL, who are financial investors, are Beseemer India Capital OGPL Ltd ('BVP') with 37.7% and AEP Green Power Limited ('AEP') with 24.6%.
Pursuant to the distribution of shares under the said Scheme of Compromise and Arrangement, SVL Limited, BVP and AEP will come to hold 34.95%, 13.16% and 8.59% respectively. The total promoter shareholding in the equity share capital of our Company would thereafter be 48.73%.
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