Insolation Energy Limited invests in rights issue of Insolation Green Energy Pvt Ltd

Insolation Energy Limited has made investments aggregating to Rs. 250,75,46,600/- (Rupees Two Hundred Fifty Crore Seventy Five Lakh Forty Six Thousand Six Hundred Only) by subscribing 8,08,886 (Eight lakh Eight Thousand Eight Hundred Eighty Six) equity shares of face value of Rs. 10/- (Rupees Ten Only) each at an issue price of Rs. 3,100/- (Rupees Three Thousand One Hundred Only) per equity shares inclusive of a premium of Rs. 3,090/- (Rupees Three Thousand Ninety Only) per equity shares by way of subscribing to the right issue of Insolation Green Energy Private Limited, the wholly owned subsidiary of the Company.

Insolation Green Energy Private Limited was incorporated under the Companies Act, 2013 on 28th August, 2021 as a wholly owned subsidiary of the Company.

Insolation Green Energy Private Limited is currently engaged in the business of manufacturing of various types of Solar PV Modules.

Source : Equity Bulls

Keywords

InsolationEnergy Investment RightsIssue InsolationGreenEnergy