Godawari Power is among the top five gainers on the BSE since the opening bell today; the stock, which had closed on Friday at Rs.300.30, opened today at Rs.305 and rose to an intraday high at Rs.317.60, volumes up over 1.5 times.

The stock is up after the Board approved the proposal for divestment of its entire shareholding in Godawari Green Energy Limited ("GGEL") a subsidiary of the company.

GGEL has been taken over by KKR-backed renewable energy platform Virescent Renewable Energy Trust for Rs 665 crore.

Godawari Green Energy has set up a 50 MW solar thermal power plant in Jaisalmer, Rajasthan, operational since 2013.