Orient Green Power to divest 26% stake in Sanjog Sugars

NEW DELHI: Orient Green Power Company today said its investment and borrowing committee has approved the proposal to divest 26 per cent equity shares held by it in Sanjog Sugars and Eco Power Private.

"Investment and Borrowing Committee meeting of Board of Directors of the company, at their meeting held on November 17, 2015, has approved to enter into a MoU with Chandrabhan Katewa to divest 26 per cent equity shares...

"... held by the company in Sanjog Sugars & Eco Power through an investment vehicle to be identified by Chandrabhan Katewa subject to all required approvals," the company said in a BSE filing.