Surana Telecom Divest Its Shares From Celstial Solar
2018-04-02 Disinvestment Power Southern India
Surana Telecom And Power Limited has informed that the board of directors of the company at its meeting proposed to divest the equity shares constituting 51% of share capital of Celstial Solar Solutions Private Limited. In this regard, the said transaction has been materialised and divested to NVR infrastructure and Services Private Limited. Consequently, Celstial Solar Solutions Private Limited ceased to be a subsidiary company. Further, the company informs that NVR infrastructure and Service Private Limited is not a related party to the promoter or promoter group.