Swan Energy to fully divest Swan Desilting Private Limited

Swan Energy Limited said that it will sell its 100% stake in Swan Desilting Private Limited (SDPL), one of its fully-owned subsidiaries.

In this connection, the India-based green energy company will divest 10,000 equity shares in Swan Desilting, priced at INR 10 per share.

Swan Energy said that the sale is being taken up after deeming Swan Desilting for not being a ‘material subsidiary’. As a result, it will cease being the subsidiary of Swan Energy.