Hatsun Agro Product Limited board approves acquisition

The Board of Directors of Hatsun Agro Product Limited at their meeting held on 12th March, 2021, have approved for entering into agreements viz, Power Purchase Agreement with Swelect Sun Energy Private Limited, Shareholders' Agreement, Share Subscription Agreement and other related agreements with Swelect Energy Systems Limited, SICGILSOL Gases Private Limited and Swelect Sun Energy Private Limited.

The board also approved the amendment to Clause III. A i.e Main Objects under the Object clause of Memorandum of Association of the Company by insertion of new Object to enable the Company to enter in to the business of Generation of Power through solar energy or otherwise for Captive consumption or Otherwise and investment by way of subscription to the Equity of Power generating Company i.e Swelect Sun Energy Private Limited to an extent of 19.50% of the total equity share capital.

Shares of HATSUN AGRO PRODUCT LTD. was last trading in BSE at Rs.740.8 as compared to the previous close of Rs. 729.1. The total number of shares traded during the day was 2973 in over 429 trades.

The stock hit an intraday high of Rs. 751.05 and intraday low of 724.75. The net turnover during the day was Rs. 2195563.

Source : Equity Bulls

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