Consequent to the above, Mundra Solar, a wholly owned subsidiary of AGTL, has also become a (step down) wholly owned subsidiary of the Company.
Further, by virtue of conversion of CCDs and OCDs issued by Mundra Solar PV (MSPVL) to promoter entity(ies), shareholding of AGTL in MSPVL has reduced from 100% to 51%. Despite this, the economic interest of the Company, in MSPVL, continues to be 51%.