Promoter Reclassification14 Jul 2026, 07:10 pm
L&T Finance Submits Promoter Reclassification Application
AI Summary
L&T Finance Ltd has informed exchanges about submitting applications to BSE Limited and National Stock Exchange of India Limited for the re-classification of Nabha Power Limited from the 'Promoter Group' category to the 'Public' category. This follows the Board of Directors' approval on July 10, 2026, for Nabha Power Limited's request. The submission is in accordance with Regulation 31A of the SEBI Listing Regulations and other applicable norms.
Key Highlights
- L&T Finance filed applications for promoter reclassification.
- Nabha Power Limited seeks re-classification to 'Public' category.
- The move is in line with SEBI Listing Regulations.
- Board of Directors had previously approved the request.
Price Impact
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