Lanco Infra carves out two subsidiaries

Lanco Infratech on Wednesday said it has carved out two subsidiaries for its thermal and hydro power generation businesses.

The company has put in place Vamshi Industrial Power as a holding company for thermal special purpose vehicles (SPVs) or projects and Vamshi Hydro Energies for hydro electric SPVs or hydro power plants, the company said in a filing to the Bombay Stock Exchange.

This arrangement will come into effect from March 31. These two holding companies are wholly-owned subsidiaries of Lanco Power, which in turn is a wholly-owned subsidiary of Lanco Infratech.