
Promoter Reclassification27 Jun 2026, 01:30 pm
Nabha Power seeks re-classification from Promoter to Public category
AI Summary
L&T Finance Ltd has received a request from Nabha Power Limited (NPL) to re-classify its name from the 'Promoter Group' to the 'Public' category. This request follows NPL's cessation as a subsidiary of L&T Power Development Limited, subsequent to the transfer of NPL's equity to Torrent Power Limited. NPL has confirmed it meets the SEBI Listing Regulations criteria for this re-classification. The company's Board of Directors will consider this request at an upcoming meeting.
Key Highlights
- Nabha Power Limited requests re-classification from Promoter to Public.
- Re-classification follows NPL's divestment by L&T Power Development.
- NPL's equity transferred to Torrent Power Limited.
- NPL confirms compliance with SEBI Listing Regulations.
- Board to consider the re-classification request.
Price Impact
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