NHPC has announced an adjustment in its shareholding structure for Ratle Hydro Electric Power Corp, reducing its stake from 59.51% to 49.72%. This change represents a decrease of approximately 9.79 percentage points in the joint venture company.

Shareholding Restructuring Details

The stake adjustment maintains NHPC's position as the majority stakeholder in Ratle Hydro Electric Power Corp, despite the reduction in ownership percentage. The company's shareholding has been restructured as part of the ongoing development of the Ratle Hydro Electric Power project.

Project Implications

The Ratle Hydro Electric Power Corp represents a significant joint venture in India's hydroelectric power sector. NHPC's continued majority ownership, even after the stake adjustment, demonstrates the company's ongoing commitment to the project's development and operations.

This shareholding modification reflects the evolving partnership structure within the joint venture, while ensuring NHPC retains operational control and strategic influence over the Ratle Hydro Electric Power project.

NHPC Limited has announced a change in its shareholding pattern in subsidiary company Ratle Hydroelectric Power Corporation Limited (RHPCL). The power generation company informed the stock exchanges about this development in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Shareholding Change Details

The shareholding and voting rights of NHPC Limited in RHPCL have changed significantly due to corporate restructuring activities. The following table shows the shareholding transition:

Reason for Change

The reduction in NHPC's shareholding percentage occurred due to receipt of additional equity contribution from Jammu and Kashmir State Power Development Corporation Limited (JKSPDC). This entity is identified as another promoter of RHPCL, indicating the multi-promoter structure of the hydroelectric power project.

Temporary Nature of Change

NHPC has clarified that this shareholding reduction represents a temporary situation. The company has indicated that its shareholding in RHPCL will increase after NHPC contributes matching equity to maintain its proportional stake in the subsidiary.

Current Status

The process for NHPC to contribute matching equity is currently underway. The company has committed to provide further updates on developments in this matter as they occur. This approach demonstrates NHPC's intention to maintain its significant stake in the hydroelectric power project.

Regulatory Compliance

The announcement was made through proper regulatory channels, with Company Secretary Rupa Deb signing the official communication. The disclosure ensures transparency regarding changes in subsidiary company shareholding patterns, maintaining compliance with stock exchange listing requirements.