Subsidiary23 Oct 2026, 07:20 pm
Swelect Energy Transfers 12.78 Lakh Shares in ESG Green Energy
AI Summary
Swelect Energy Systems Ltd has approved the off-market transfer of 12,78,000 equity shares in its subsidiary, ESG Green Energy Private Limited, to RAMCO INDUSTRIES LIMITED. RAMCO INDUSTRIES LIMITED is a proposed group captive consumer for the subsidiary. Following the transfer, ESG Green Energy Private Limited will continue to be a subsidiary of Swelect Energy Systems Limited. The face value of each share is Rs. 10/-.
Key Highlights
- Transfer of 12.78 Lakh equity shares in subsidiary ESG Green Energy.
- Transferred shares to RAMCO INDUSTRIES LIMITED, a group captive consumer.
- ESG Green Energy remains a subsidiary of Swelect Energy.
- Transaction approved by the Investment Committee on October 23, 2026.
Price Impact
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