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Swelect Energy Systems Ltd is acquiring 100% stake in Sushma Solar Energy Private Limited for Rs. 2.27 Crore to set up a 50 MW solar plant.
Swelect Energy Systems is acquiring a 100% stake in GNU Solar Assetco Two Private Limited for Rs.0.10 Crore. This subsidiary will set up an 11 MWp solar plant.
Swelect Energy Systems will acquire GNU Solar Assetco Two for Rs.0.10 Crore and invest Rs.20.77 Crore in its subsidiary USolar Assetco Four.
Swelect Energy Systems is acquiring USolar Assetco Four Private Limited for up to ₹3.30 Crore. The target will become a wholly owned subsidiary to develop solar projects.