Investment2 Nov 2026, 07:22 pm
SWELECT Energy Systems Invests ₹4.36 Cr in Subsidiary
AI Summary
SWELECT Energy Systems Limited announced an additional investment of up to ₹4,36,15,250 (₹4.36 Crore) in its wholly-owned subsidiary, SWELECT Radiant Power Private Limited. This investment is for setting up a 4.5 MWp DC solar power plant under a Group Captive Scheme in Kerala. Following the investment and allotment of shares to other group captive investors, SWELECT Energy Systems' shareholding in SWELECT Radiant Power will reduce from 100% to 74%. The subsidiary was incorporated on March 19, 2025, and is yet to commence commercial operations. This project is expected to increase the consolidated turnover of SWELECT Energy Systems.
Key Highlights
- Additional investment of up to ₹4.36 Crore in subsidiary SWELECT Radiant Power.
- Investment to fund a 4.5 MWp DC solar power plant in Kerala.
- Shareholding to reduce from 100% to 74% post-investment.
- Project aims to increase consolidated turnover.
- Transaction is at arm's length and considered a related party transaction.
Price Impact
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