HBL Power Systems has divested stake held in Sankhya Infotech for a total consideration of Rs 1.48 crore. Last month in January, the company had entered into a Share Purchase Agreement with Varp Power, Hyderabad for acquisition of 26% shares i.e. 2600 shares of Rs 10 each at face value aggregating to Rs 26,000 as a part of setting up of solar captive power plant project for in-house consumption.
HBL Power Systems is the pioneer in the design, development and manufacture of specialized batteries and DC systems in India.
