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Swan Energy to acquire Hazel Infra as subsidiary; Stock gains 1%

Swan Energy is an India-based holding company and it is engaged in the manufacturing of the textile products.

December 28, 2021 9:52 IST | India Infoline News Service
Swan Energy
Swan Energy Ltd has executed a 'Share Subscription cum Shareholders Agreement' with Hazel Infra Limited ('HIL') to subscribe to its 1,42,305 Equity Shares of Rs 10/- each at par.

As per regulatory filing, HIL will become subsidiary of the company.

Swan Energy is an India-based holding company and it is engaged in the manufacturing of the textile products.

At around 9:53 AM, Swan Energy was trading at Rs150.10 apiece up by Rs1.55 or 1.04% from its previous closing of Rs148.55 apiece on the BSE.

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