Acquisitions24 Sept 2026, 10:24 pm
SWELECT Energy Systems Acquires GNU Solar Assetco Two Pvt Ltd
AI Summary
SWELECT Energy Systems Limited announced the approval of an additional investment of up to ₹20.77 Crores in its wholly-owned subsidiary, USolar Assetco Four Private Limited, for a 26.6 MWp solar power plant. The company also acquired 100% equity shares of GNU Solar Assetco Two Private Limited, which will also set up a solar power plant under a Group Captive Scheme. These investments are expected to increase the consolidated turnover of SWELECT Energy Systems.
Key Highlights
- Acquired 100% equity in GNU Solar Assetco Two Private Limited.
- Investing up to ₹20.77 Crores in USolar Assetco Four Private Limited.
- Both subsidiaries will establish solar power plants under Group Captive Scheme.
- Acquisitions are expected to boost consolidated turnover.
Price Impact
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