Swan Energy zooms ~2% as board decides to consider fund raise worth Rs2000 crore

3 Mar 2022 , 01:31 PM

In its regulatory filing on Wednesday, Swan Energy Ltd. mentioned that the company’s Board of Directors to consider the capital raise through FPO/QIP/ GDRI ADRI FCCB up to an amount not exceeding Rs 2,000 crore in its meeting to be held on March 5, 2022.

The company’s board will also consider the issue of equity shares on a preferential basis to promoter/promoter group and non-promoter, subject to shareholder’s approval.

The board is also seeking to adopt a new set of Memorandum of Association and Articles of Association of the company.

Swan Energy is a developing green energy company with experience in infrastructure and textiles projects.

At around 1.30 PM, Swan Energy was trading at Rs160.25, up by 1.55% against its previous closing price of Rs157.80. It touched the day’s high and low of Rs165.60 and Rs158.30 respectively.