Brief: Swelect Energy Systems To Acquire Equity Shares From Swelect RE Power By Investing 64.4 Million Rupees

Swelect Energy Systems

23/09/2022 15:01

Sept 23 (Reuters) - Swelect Energy Systems Ltd
 SWEL.NS :
    * ACCEPTED THE OFFER TO ACQUIRE EQUITY SHARES ON PRIVATE
PLACEMENT
BASIS MADE BY SWELECT RE POWER BY INVESTING 64.4 MILLION RUPEES
    * INVESTMENT TO SET UP 4 MW SOLAR POWER PLANT UNDER GROUP
CAPTIVE
MODEL
    * APPROVED TO EXECUTE SHARE SUBSCRIPTION AGREEMENT AND
SHAREHOLDERS AGREEMENT IN CONNECTION WITH SETTING UP OF 4 MW
SOLAR POWER PROJECT
    * AGREEMENT WITH SWELECT ENERGY SYSTEMS, MFAR HOTELS &
RESORTS AND
PRASHANTH FERTILITY RESEARCH CENTRE

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