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Olectra Greentech Surges 5% After Transfer of Entire Stake in TF Solar Power to Trinity Infraventures

Olectra Greentech Surges 5% After Transfer of Entire Stake in TF Solar Power to Trinity Infraventures

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Olectra Greentech Limited informed the exchanges Monday that in pursuance of the resolution passed by the Board of Directors of the Company in their meeting held on June 16, 2021, the entire equity shareholding held by the Company in TF Solar power Private Limited, a wholly-owned subsidiary, has been transferred to Trinity Infraventures Limited (co-promoter of the company).

The company received 1 lakh consideration for the same. The net worth of the TF Solar power Private Limited during the last Financial Year 2020-2021 was (Rs.13,569).

In the last half hour of trade on Tuesday, Olectra Greentech Limited was trading at day’s high of Rs267.15 per piece up Rs12.70 or 4.99% on the BSE.

Source: indiainfoline

Anand Gupta Editor - EQ Int'l Media Network