Subsidiary becomes wholly owned after buy-back of its equity shares
Himachal Energy Private Limited, a subsidiary of HPL Electric & Power, has become a wholly owned subsidiary.
By ScoutQuest · · 1 min read
- Effective date
- October 29, 2026
- Company's stake before buy-back
- 97.15%
- Company's stake after buy-back
- 100%
The intimation, in short
HPL Electric & Power Limited has informed the National Stock Exchange and BSE that Himachal Energy Private Limited, which was a subsidiary, has become a wholly owned subsidiary of the Company with effect from October 29, 2026.
The route: a buy-back
- The change did not come from the parent buying more shares from other investors.
- It came from a buy-back of equity shares by the subsidiary itself, Himachal Energy Private Limited.
- In a buy-back, a company purchases its own shares back from its shareholders.
What the numbers show
- Shareholding of the Company in the subsidiary before the buy-back: 97.15%.
- Shareholding of the Company in the subsidiary after the buy-back: 100%.
- So the remaining 2.85% held by other shareholders before the buy-back is no longer with them, and the Company's holding now stands at the full 100%.
What a wholly owned subsidiary means
- A wholly owned subsidiary is a company in which the parent holds the entire shareholding.
- There are no other shareholders in that subsidiary.
- The parent therefore has full ownership of the subsidiary's equity.
What to take away
- This is a change in the ownership structure of a subsidiary, moving it to full ownership.
- The update states the reason for the change and the stake before and after it, and asks the exchanges to take the information on record.
Also from HPL Electric & Power
HPL Electric schedules Q2FY27 earnings webinar for investors on November 6, 2026
3 Nov 2026
Board meeting on November 05, 2026 to consider and approve September quarter results
29 Oct 2026
More numbers
- Company's shareholding in the subsidiary before the buy-back97.15%
- Company's shareholding in the subsidiary after the buy-back100%
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