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The stock of Orient Green Power is likely to witness higher activity this week as the open offer from Shriram Group ends on Friday. The group had announced an open offer to buy 26 per cent stake at a price of Rs 15 a share. Shriram Industrial Holdings Private Ltd along with Orient Green Power Pte Ltd and Shriram Venture plans to acquire 14.77 crore equity shares of Orient Green Power from public shareholders. The open offer was mandatory following Shriram Industrial Holdings, a holding company for Shriram Group's non-financial services business, plans to infuse Rs 150 crore in Orient Green Power through an preferential allotment of 10 crore shares. Major public shareholders in Orient Green Power include Life Insurance Corporation of India (4.24 per cent stake), private equity firms Olympus India Holdings (2.86 per cent) and Bessemer India Capital Partners Fund (1.16 per cent stake).
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