Orient Green Power Company announced that the investment and borrowing committee of the company has approved to divest 26% stake in Sanjog Sugars & Eco Power.
The company said, 'The board of directors at their meeting held on Nov 17, 2015, have approved to enter into a Memorandum of Understanding (MoU) with Chandrabhan Katewa to divest 26% equity shares held by the company in Sanjog Sugars & Eco Power.'
Orient Green Power Company is a renewable energy-based power generation company. The company is focused on developing, owning and operating a portfolio of renewable energy power plants.
Shares of the company gained Rs 0.02, or 0.16%, to trade at Rs 12.55. The total volume of shares traded was 22,334 at the BSE (12.23 p.m., Thursday).