Announced Thu, 24 Sept, 2026 · 22:10 IST
Acquires GNU Solar Two and invests more in USolar Four for solar projects
SWELECTES · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+3.4%1-day move
₹565.90
prior close
₹573.95
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.0-1.0-0.5-0.2+3.4+1.1+4.6+3.4+6.4+8.0————
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AI summary
SWELECT is acquiring 100% of GNU Solar Assetco Two (Karnataka) for up to Rs 10 lakh, making it a wholly owned subsidiary. It is also investing up to Rs 20.77 crore more in existing subsidiary USolar Assetco Four for a 26.6 MWp solar plant. SWELECT's holding in USolar Four will drop from 100% to 74%. Both targets will set up solar power plants under Group Captive Scheme.
Likely market impact
Expands solar power capacity through two subsidiaries, boosting future consolidated turnover. Positive for growth.