Swelect Energy Systems532051Stake acquisition deal
Swelect to acquire 100% of GNU Solar Assetco Two for up to Rs.10 lakh; Rs.20.77 crore more into USolar Assetco Four
By ScoutQuest · · 1 min read
100%GNU Solar Two stake acquired
- GNU Solar Assetco Two Target
- 100% acquisition (10,00,000 equity shares), making it a WOS; 11 MWp DC plant
- GNU Solar Two Consideration
- Cash, not exceeding Rs. 10 lakhs
- USolar Assetco Four Target
- Additional investment, stake from 100% to 74%; 26.6 MWp DC plant
- USolar Four Consideration
- Up to Rs. 20,76,66,459 for up to 23,33,331 shares at Rs. 89 per share
- Target
- GNU Solar Assetco Two Private Limited (and USolar Assetco Four Private Limited)
Swelect to acquire 100% of GNU Solar Assetco Two for up to Rs.10 lakh; Rs.20.77 crore more into USolar Assetco Four.
USolar Four incorporation
GNU Solar Two incorporation
USolar Four became WOS
Investment Committee meeting
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More numbers
- GNU Solar Two acquisition costRs.10 lakhs
- GNU Solar Two shares acquired10,00,000 equity shares
- GNU Solar Two stake acquired100%
- USolar Four investment amountRs.20,76,66,459
- USolar Four price per shareRs.89/-
- USolar Four shares to subscribe23,33,331 equity shares
- USolar Four post-investment shareholding74%
- USolar Four solar plant capacity26.6 MWp DC
- GNU Solar Two plant capacity11 MWp DC
- GNU Solar Two net worthNet worth (Rs. in Crore) - 0.10
- ConsiderationRs.10 lakhs
Source: BSE · 24 Sep 2026
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