Sarda Energy has infused a further sum of ₹ 48,22,78,100 in its wholly-owned subsidiary, Sarda Energy Limited (SEL). This investment is for acquiring 2,83,693 equity shares at a premium of ₹ 1,690 per share by subscribing the Rights Issue. The object of the fund infusion is to reduce SEL’s loan and for day-to-day operational activities.
Investment Details
Sarda Energy has invested a further ₹ 48,22,78,100 in Sarda Energy Limited, its wholly owned subsidiary. This investment involves acquiring 2,83,693 equity shares, each with a face value of ₹ 10, at a premium of ₹ 1,690 per share. This was executed via the Rights Issue of Sarda Energy Limited.
Purpose of Investment
The infusion of funds aims to reduce the loan burden of Sarda Energy Limited and to support its day-to-day operational activities. Sarda Energy Limited operates in the renewable energy business.
Sarda Energy Limited Overview
Sarda Energy Limited is a wholly-owned subsidiary of Sarda Energy. Incorporated on April 22, 2008, it is primarily involved in the renewable energy sector. The company’s financial performance over the last three years is as follows:
- 2024-25: Total Revenue – ₹ 18.49 crore
- 2023-24: Total Revenue – ₹ 14.28 crore
- 2022-23: Total Revenue – ₹ 15.04 crore
Source: BSE
