Surana Telecom and Power has concluded its divestment in its subsidiary Yellow Renewable Energy. The said transaction completed on March 30, 2012. Pursuant to divestment, Yellow Renewable Energy ceased to be a subsidiary of the company.
Earlier, the company had received an approval whereby the board resolved to divest its stake in Yellow Renewable Energy. The board at its meeting held on January 28, 2012 had approved for the same.
Surana Telecom & Power is engaged in the business of manufacturing of petro products such as petroleum jelly and telecom products such as jointing kits.
