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.
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