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Surana Telecom and Power to sell 42% of equity stake in Sunvibe Energy

19 Feb 2025 Evaluate

Surana Telecom and Power is all set to sell its 42% of equity stake held in Sunvibe Energy, wholly owned subsidiary. Consequently, Sunvibe Energy will become a subsidiary company. There is no contribution to turnover or revenue or income and net worth by Sunvibe Energy, as the Company is yet to commence its business activity. The said transaction will be completed by February 21, 2025.  

Surana Telecom and Power is mainly into the business of generation of renewable energy viz., Solar and Wind.

Peers
Company Name CMP
NTPC 321.00
Tata Power 362.00
Adani Power 196.30
Power Grid Corpn. 262.20
Adani Energy Solut. 1286.65
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