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Swelect Energy Systems Ltd Acquires 49% Stake In HHV Solar-Business Standard


Tuesday, 22 Jan 2013 02:23am EST 

Business Standard reported that Swelect Energy Systems Ltd announced the Company’s foray into Solar PV modules with the acquisition of 49% stake in HHV Solar. According to a statement from the Company the deal is valued at around INR22 crore. The Company in a statement also said that as per the agreement, R Chellappan MD of Swelect Energy has been appointed as the CEO of HHV Solar. 

Company Quote

137.3
0.3 +0.22%
21 Sep 2012