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Swan Energy to divest 100% stake in Swan Desilting

25 Nov 2021 Evaluate

Swan Energy has decided to divest its 100% shareholding at par (10,000 equity shares of Rs 10 each) in one of its Wholly Owned Subsidiary (WOS), Swan Desilting  (SDPL), not being the 'Material Subsidiary’. Consequently, SDPL will cease to be the subsidiary of the company.

Swan Energy is an emerging green energy company with a successful track record in infrastructure projects and textiles too.

Peers
Company Name CMP
Vardhman Textiles 565.65
Welspun Living 222.90
Arvind 566.15
Raymond Lifestyle 688.20
K.P.R. Mill 1114.50
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