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Orient Green Power Company has disinvested 8 biomass subsidiaries to Janati Bio Power with effect from December 31,2017.
Janati Bio Power is a subsidiary of SVL, which is a promoter company of Orient Green Power Company. The company has received Rs.49 crore from the sale consideration.
Furthermore, as on September 2017, SVL was holding 16,36,08,446 equity shares (22.12%) and Janati Bio Power was holding 3,43,40,659 equity shares (4.64%) in the company.
