Ravindra Energy has divested entire 79% stake in Hirehalli Solar Power Project LLP. The said LLP is not material subsidiary and this divestment transaction not required shareholder approval as per SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, by this transaction the said LLP ceased to be subsidiary of the company. The consideration received from such sale/disposal is Rs 10.25 crore.
Ravindra Energy seeks to create a leading position in the provision of solar energy utilising the unique characteristics of solar PV generation.
