Promoter Reclassification27 Jun 2026, 03:00 pm
Nabha Power Seeks Re-classification from Promoter Group to Public
AI Summary
LTM Ltd has received a request from Nabha Power Limited (NPL) to re-classify its status from 'Promoter Group' to 'Public'. This request follows NPL's cessation as a subsidiary of L&T Power Development Limited, after the latter transferred its stake in NPL to Torrent Power Limited. NPL asserts it meets all SEBI Listing Regulations 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 Group to Public.
- Re-classification follows NPL's divestment from L&T Power Development.
- NPL confirms compliance with SEBI Listing Regulations.
- LTM Ltd Board to review the re-classification request.
- No shares are currently held by Nabha Power Limited in LTM Ltd.
Price Impact
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