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Suryalata Spinning Mills acquires 100% stake in Suntree Solar Energy

24 Jan 2023 Evaluate

Suryalata Spinning Mills has executed the Memorandum of Understanding and Share Purchase Agreement with the shareholders of Suntree Solar Energy on January 23, 2023 and has thereby acquired 100% shareholding of Suntree and with this Suntree (holding 10 MW Solar Power Plant in operation) becomes the Wholly Owned Subsidiary of the Company.

Suryalata Spinning Mills is a leading manufacturer and exporter of high quality yarns.

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