Swan Energy to divest 100% stake in wholly-owned subsidiary

SDPL will cease to be the subsidiary of the company, said company.

Nov 26, 2021 09:11 IST India Infoline News Service

Swan Energy
Swan Energy Ltd has  informed to the exchanges regarding divestment of wholly owned subsdiary of the company.

As per regulatory filing, it is informed that the company has decided to divest its 100% shareholding at par (10,000 equity shares of Rs. 10/- each) in one of its Wholly Owned Subsidiary (WOS), :M/s Swan Desilting Private Limited (SDPL), not being the 'Material Subsidiary'.

Consequently, SDPL will cease to be the subsidiary of the company, said company.

At around 9:23 AM, Swan Energy was trading at Rs119.70 apiece up by Rs1.7 or 1.44%.

Previously, the scrip ended at Rs118 apiece on the BSE.

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