Ujaas Energy has received approval to dispose of its entire holding in its wholly own subsidiary - Eizooba Energy One to ACA International Commerce FZE. The consideration to be received from the sale of stake is $80,000. The company is likely to complete the disposal of the stake by March 31, 2019.
The Board of Directors of the Company at its meeting held on March 11, 2019 has approved the same.
Ujaas Energy is engaged in solar power plant operation business, and manufacturing and sale of solar power system. The company's segments include Transformer, Solar Power Plant Operation, and Manufacturing & Sale of Solar Power Systems.
