Orient Green Power plans Rs 250-cr rights issue

New Delhi: Orient Green Power Company plans to raise up to Rs250 crore through issue of equity rights to its existing shareholders. The issue of equity shares with face value of Rs10 each of the Orient Green Power Company is proposed for an aggregate amount not exceeding Rs25,000 lakh (Rs250 crore) on a rights basis to the existing equity shareholders of the company, a BSE filing on Saturday showed.

The company has not disclosed the rights issue ratio, price of each share and the record date, said Sumedha Fiscal Services Ltd and Saffron Capital Advisors Pvt Ltd, the lead managers to the issue, citing the draft letter of offer (DLOF) dated May 17, 2024.