Corporate News     09-May-24
Swan Energy update on acquisition of Reliance Naval & Engineering
Swan Energy announced that in accordance with the order of the Hon'ble NCLT, Ahmedabad Bench dated 23 December 2022, issuance of 1 equity share for every 275 equity shares held by the existing shareholders of RNEL is completed. RNEL is in the process of obtaining the relisting approval from the stock exchanges and has made the required payments as demanded by the exchanges. The final listing approval is under consideration of the exchanges.

Swan Energy is a strategic investor of Successful Resolution Applicant (SRA), i.e., Hazel Mercantile (HML), through a Special Purpose Vehicle, namely Hazel Infra (HIL), to acquire Reliance Naval & Engineering.

Previous News
  Swan Energy consolidated net profit rises 378.24% in the March 2024 quarter
 ( Results - Announcements 31-May-24   07:36 )
  Swan Energy reports consolidated net loss of Rs 31.96 crore in the September 2022 quarter
 ( Results - Announcements 15-Nov-22   10:56 )
  Swan Energy Ltd leads gainers in 'A' group
 ( Hot Pursuit - 29-Nov-22   12:00 )
  Swan Energy launches QIP issue
 ( Corporate News - 20-Feb-24   19:28 )
  Aptus Value Housing Finance India Ltd leads losers in 'A' group
 ( Hot Pursuit - 08-Mar-23   15:00 )
  Swan Energy schedules board meeting
 ( Corporate News - 23-Dec-23   11:23 )
  Swan Energy Ltd leads losers in 'A' group
 ( Hot Pursuit - 17-Mar-23   15:00 )
  Swan Energy reports consolidated net loss of Rs 26.35 crore in the June 2022 quarter
 ( Results - Announcements 10-Aug-22   08:12 )
  Swan Energy allots 4.95 cr equity shares under QIP issue
 ( Corporate News - 29-Feb-24   14:36 )
  Swan Energy decides to partner with Hazel Mercantile
 ( Corporate News - 16-Dec-21   15:13 )
  Swan Energy Ltd leads gainers in 'A' group
 ( Hot Pursuit - 06-Jan-22   12:00 )
Other Stories
  Yunik Managing Advisors to hold board meeting
  15-Jun-24   17:40
  Vasudhagama Enterprises to convene board meeting
  15-Jun-24   17:40
  Supreme Infrastructure India to convene board meeting
  15-Jun-24   17:40
  HCL Technologies to discuss results
  15-Jun-24   17:40
  Titagarh commences production of trainsets for Bangalore Metro
  15-Jun-24   14:06
  Blue Dart Express appoints Chief Commercial Officer
  15-Jun-24   14:01
  Automotive Stampings & Assemblies AGM scheduled
  15-Jun-24   13:56
  Galaxy Cloud Kitchens schedules EGM
  15-Jun-24   13:56
  Apollo Tyres to conduct AGM
  15-Jun-24   13:56
  Karnataka Bank launches KBL WISE Senior Citizen Savings Account
  15-Jun-24   13:56
Back Top