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Nitco informs about update on transfer of wind energy business

13 Mar 2025 Evaluate
Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (the Listing Regulations) and in continuation to the Company’s letter reference no. NITCO/SE/2024-25/76 dated February 12, 2025, Nitco has informed that upon fulfillment of conditions and post obtaining requisite approvals from shareholders, the Company has completed the sale, assignment, transfer, and conveyance of Wind Energy Business Undertaking of the Company as a going concern on a slump sale basis to Siva Green Energy India and parties have executed the Wind Energy Business Transfer Agreement on March 12, 2025. The Company had already submitted the requisite details as per Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with SEBI Circular No. SEBI/HO/CFD/CFD-PoD/1/P/CIR/2023/123 dated July 13, 2023 in above referred submission.

The above information is a part of company’s filings submitted to BSE.

Nitco Share Price

90.81 0.69 (0.77%)
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