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Swan Energy to join HML as strategic partner for Reliance Naval resolution plan

The stock is trading lower on the BSE.

December 17, 2021 9:25 IST | India Infoline News Service
Swan Energy
Swan Energy Ltd has informed that the company has decided to join Hazel Mercantile Limited (HML), as a strategic partner through a SPV, in the event Resolution Plan, submitted by HML to acquire Reliance Navel and Engineering Limited (RNRL) from NCLT, is approved.

At around 9:26 AM, Swan Energy was trading at Rs149.20 apiece down by Rs3.05 or 2%.

Previously, the scrip ended at Rs152.25 apiece on the BSE.

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