Swelect Energy Systems532051New investment
SWELECT to invest up to Rs.20.77 crore in USolar Assetco Four and buy 100% of GNU Solar Assetco Two for Rs.10 lakh
By ScoutQuest · · 1 min read
100%GNU Solar Two stake acquired
- USolar Four Investment
- up to Rs.20,76,66,459 for up to 23,33,331 equity shares at Rs.89 per share
- USolar Four Stake Post Allotment
- 74% (reducing from 100%)
- USolar Four Capacity
- 26.6 MWp DC
- GNU Solar Two Stake
- 100%
- GNU Solar Two Capacity
- 11 MWp DC
SWELECT to invest up to Rs.20.77 crore in USolar Assetco Four and buy 100% of GNU Solar Assetco Two for Rs.10 lakh.
USolar Four incorporation
GNU Solar Two incorporation
USolar Four became WOS
Investment Committee meeting
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More numbers
- USolar Four investment amountRs.20,76,66,459
- USolar Four price per shareRs.89/-
- USolar Four shares to be subscribed23,33,331 equity shares
- USolar Four post-investment holding74%
- USolar Four plant capacity26.6 MWp DC
- GNU Solar Two acquisition costRs.10 lakhs
- GNU Solar Two shares acquired10,00,000 equity shares
- GNU Solar Two stake acquired100%
- GNU Solar Two plant capacity11 MWp DC
- GNU Solar Two net worth0.10 (Rs. in Crore)
- ConsiderationRs.20,76,66,459
Source: BSE · 24 Sep 2026
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