Mumbai : Sangam Renewables Ltd. had announced on July 5th 2021 the completion of its entire stake sale (51%) in its subsidiary, WAACOX Energy Pvt Ltd (WEPL) to Aditya Birla Renewables Ltd, ABRel, for an amount of Rs. 41,60,35,305. ABRel earlier held 49% in WEPL, and now shall own 100% stake. The company shall use […]
Sangam Renewables Completes Divestment of Waacox Energy; Stock Surges 5%
With the consummated of the divestment, Waacox Energy, ceased to be subsidiary of the Company with effect from 5th July, 2021. Sangam Renewables Ltd has earlier informed to the exchange regarding approval of board of directors on divestment of the Company’s entire stake/ investment in its material subsidiary i.e. Waacox Energy Private Limited. Now, further […]
