Acquisitions2 Jan 2025, 09:55 pm
Swan Energy Completes Acquisition of Reliance Naval and Engineering Limited, Renamed to Swan Defence and Heavy Industries Limited
AI Summary
Swan Energy Limited has completed the acquisition of Reliance Naval and Engineering Limited (RNEL) through a Special Purpose Vehicle, Hazel Infra Limited. Post-acquisition, RNEL has been renamed to 'Swan Defence and Heavy Industries Limited' with effect from January 02, 2025, as per the fresh Certificate of incorporation received from the Registrar of Companies, Ahmedabad.
Key Highlights
- Swan Energy Limited has completed the acquisition of Reliance Naval and Engineering Limited (RNEL) through Hazel Infra Limited.
- RNEL has been renamed to 'Swan Defence and Heavy Industries Limited' as of January 02, 2025.