Orient Green trades higher on the bourses

Orient Green Power Company is currently trading at Rs. 18.00, up by 0.72 points or 4.17% from its previous closing of Rs. 17.28 on the BSE. The scrip opened at Rs. 18.45 and has touched a high and low of Rs. 18.90 and Rs. 17.75 respectively. So far 314675 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 18.90 on 26-May-2014 and a 52 week low of Rs. 8.54 on 26-Mar-2014. Last one week high and low of the scrip stood at Rs. 18.90 and Rs. 11.39 respectively. The current market cap of the company is Rs. 981.64 crore. The promoters holding in the company stood at 76.35% while Institutions and Non-Institutions held 9.05% and 14.60% respectively. Orient Green Power Company’s promoter - Shriram Industrial Holdings has sold 7,661,400 equity shares of the company of face value Rs 10 each, representing 1.349% of the equity share capital of the company, through an offer for sale undertaken on May 20, 2014 exclusively through the separate window provided by the National Stock Exchange (NSE). Pursuant to the sale, the shareholding of the Promoter shall stand reduced to 163,608,446 equity shares representing 28.80% of the voting share capital from the earlier shareholding of 171,269,846 equity shares representing 30.15 % of the voting share capital of the company, and the aggregate shareholding of the Promoter and Promoter group companies in the company shall stand reduced to 426,058,596 equity shares representing 75% of the voting share capital from the earlier shareholding of 433,719,996 equity shares presenting 76.35% of the voting share capital of the company. Orient Green Company is leading Indian independent renewable energy-based power Generation Company focused on developing, owning and operating a diversified portfolio of renewable energy power plants. The company is the largest independent operator and developer of renewable energy power plants in India based on aggregate installed capacity.