UK's OPG Power Ventures slumps on India forex probe

OPG Power Ventures

15/11/2024 13:44

** Shares of OPG Power Ventures  OPG.L  slump about 27% to
6.60p
    ** The developer and operator of power generation assets in
India says it is the subject of a probe into alleged regulatory
non-compliance related to foreign exchange transactions
    ** Company says it considers it has undertaken all material
transactions following professional advice on compliance and has
been compliant
    ** OPG says its plants continue to operate as usual, adds it
does not expect any material impact of the investigation process
on the group
    ** Including session's losses, stock down ~39% YTD

 (Reporting by Aby Jose Koilparambil in Bengaluru)
 ((abyjose.koilparambil@thomsonreuters.com))