Swelect Energy acquires HHV Solar Tech

Our Bureau Bangalore | Updated on January 22, 2013 Published on January 22, 2013

Swelect Energy Systems Limited has announced the complete acquisition of 49 per cent of equity and board control in HHV Solar Technologies Private Limited, Bangalore, a solar photovoltaic module manufacturer.

The 49 per cent equity in HHV Solar has been bought for a consideration of Rs 22 crore.

As per the agreement, Swelect Energy will assume board control and R Chellappan, Managing Director of Swelect Energy has been appointed as the CEO of HHV Solar.


Published on January 22, 2013
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