Swelect Energy Systems Limited

Swelect Energy Systems Limited

Swelect Energy Systems Limited has announced the acquisition of 49% equity shares of Gridnex Solar Power Private Limited by its wholly owned subsidiary company, SWELECT SolarKraft Private Limited, for a consideration of INR 4,31,20,000. The acquisition aims to expand the company's business footprint and augment its consolidated turnover on a sustained, long-term basis.