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Construction : Deals | March 2013 | Source : Construction Update

Shriram EPC to acquire Orient Green Power

Shriram EPC is to sell 2,02,10,020 ordinary shares of Shriram EPC PTE to Shriram Industrial Holdings and it results in the consequent indirect acquisition of the shareholding and control of Orient Green Power Company by Shriram Industrial Holdings. The Board of Shriram EPC has approved the execution of the Master Framework Agreement to be entered into by the Company in relation to the sale transaction.

The Board approved sale and transfer of 3,74,429 equity shares of Blackstone Group Technologies held by the Company to Shriram Industrial Holdings. It also okeayed sale and transfer of 86,60,445 equity shares of Hamon Shriram Cottrell held by the company to Shriram Industrial Holdings.

The company also approved sale and transfer of 8,06,97,877 equity shares of Leitwind Shriram Manufacturing held by it to Shriram Industrial Holdings and sale and transfer of 1,16,50,001 equity shares of Shriram SEPL Composites held by it to Shriram Industrial Holdings.

 
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