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- Shares of Coal India gained on September 24 after the state-owned company said that it has entered into a joint venture agreement with Rajasthan Rajya Vidyut Utpadan Nigam Ltd (RRVUNL) to undertake renewable energy business in Rajasthan. Coal India will have a 74 percent shareholding in the JV while RRVUNL will have remaining 26 percent.
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Why did Coal India gain 74 percent in RRVUNL vs RVUNL?
What is the shareholding structure of Coal India and RVUNL?
What is the joint venture between Coal India & RRVUNL?
Will Coal India & RRVUNL nominate directors for Zomato?
5 days ago · In the last one year, shares of Coal India have risen 74%, putting it much ahead of Nifty's 31% rise. Under this joint venture, Coal India will hold 74% stake and the remaining 26% will be owned by RRVUNL. It will focus on developing 2x800 MW Brownfield thermal power project at RRVUNL's Kalisindh Thermal Power Station.
4 days ago · Coal India will nominate four directors, while RRVUNL will nominate two directors on the JVC’s board. At the time of writing, Coal India’s stocks were trading 0.059% higher at ₹504.60 on NSE.
5 days ago · The joint venture agreement outlines a shareholding structure of 74% for Coal India and 26% for RRVUNL. Coal India and RRVUNL will each have the right to nominate directors for the joint venture company, with Coal India nominating four executives and RRVUNL nominating two.
5 days ago · While Coal India will have a 74 per cent shareholding in the joint venture, RRVUNL will have remaining 26 per cent. In a filing to BSE, the Coal India Ltd (CIL) said that the PSU and RRVUNL will have the right to nominate four and two executives as directors of the JV, respectively.
The joint venture agreement reveals a 74% and 26% shareholding pattern between Coal India and RRVUNL respectively.
6 days ago · Coal India has announced its joint venture with Rajasthan Rajya Vidyut Utpadan Nigam Limited (RRVUNL) to venture into the renewable energy business in Rajasthan. The joint venture agreement...
