Swan Energy incorporates WOS company

02 Feb 2023 Evaluate

Swan Energy (SEL) has paid subscription money on February 1, 2023, aggregating to AED 35,000 (equivalent to Rs 7,83,213) to subscribe for 35 shares of AED 1,000 each of ‘Wilson Corporation FZE’ (WCF), incorporated at Hamriyah Free Zone - Sharjah, UAE.

Consequently, WCF has become a wholly-owned subsidiary company (WOS) of the company with effect from February 1, 2023. SEL is already in business of trading of petrochemical products & others. Incorporation of WOS at UAE would help the Company to expand its footprint in middle east countries.

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

Swan Energy Share Price

667.10 2.95 (0.44%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
PDS 475.00
Vardhman Textiles 445.00
Arvind 269.20
Welspun Living 137.65
Alok Inds 25.75
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