NHPC stake in Chenab Valley Power Projects falls to 50.86%
NHPC has informed stock exchanges that its shareholding and voting rights in Chenab Valley Power Projects (CVPPL) have declined from 58.16% to 50.86% following an additional equity infusion by Jammu and Kashmir State Power Development Corporation (JKSPDC). The company clarified that CVPPL will continue to remain a subsidiary of NHPC despite the reduction in stake….
