Subsidiary30 Oct 2026, 01:16 pm
HPL Electric Subsidiary Becomes Wholly Owned
AI Summary
Himachal Energy Private Limited, a subsidiary of HPL Electric & Power Limited, has officially become a wholly owned subsidiary of the parent company. This transition, effective October 29, 2026, was achieved through a buy-back of equity shares by Himachal Energy Private Limited. Prior to the buy-back, HPL Electric & Power held a 97.15% stake in its subsidiary. Following the transaction, the company's shareholding has increased to 100%, consolidating full ownership.
Key Highlights
- Subsidiary Himachal Energy Private Limited is now wholly owned.
- Ownership increased from 97.15% to 100% via buy-back.
- Effective date of full ownership is October 29, 2026.
- Consolidates control over subsidiary operations.
Price Impact
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