MoneyWorks4Me

Swan LNG becomes wholly owned subsidiary of Swan Energy

27 May 2013 Evaluate

Swan Energy has invested Rs 1 lakh in ‘Swan LNG’ for purchase of its 100% equity shares, equivalent to 10,000 equity shares of Rs 10 each. By virtue of this, ‘Swan LNG has become a 100% subsidiary company of Swan Energy.

Swan Energy is an emerging “green energy” company with a pipeline of innovatively structured power projects. The Company is currently undertaking a LNG Floating Storage & Regasification Unit (FSRU) in Pipavav, Gujarat with a capacity of 3 mn metric tonne p.a. of LNG imports.

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
View more..