Swan Energy has received an approval for raising of funds by way of issue of equity shares or any other eligible instrument or security through Qualified Institutions Placements (QIP) or Private Placements/public issue of equity/debt securities or preferential issue or through any other permissible mode and/or combination thereof, as may be considered appropriate, for an aggregate amount not exceeding Rs 1000 crore. The Board of Directors of the company at its meeting held on January 18, 2018, approved the same.
Swan Energy is engaged in trading in fabric as well as in development of properties. Their activity includes manufacturing and marketing of cotton and polyester sarees and shirtings in India. The company also engaged in the business of Textiles, Property Development.
