Swelect Energy Systems has planned to invest upto Rs 21 crore in the Equity share capital of ESG Green Energy (Subsidiary of Swelect Energy Systems) to set up 16 MW Solar Power Plant under Group Captive scheme by ESG Green Energy. The investment will be made as per the terms of offer. The company at present holds 100% equity share capital in the above subsidiary and after Group captive, it will hold 73.98% of the equity Share capital in the above subsidiary. The transaction is at arm’s length basis.
Swelect Energy Systems (formerly known as Numeric Power Systems) is one of the leading Solar Power Systems Company with a strong presence in global energy market.
