Swan Energy Buys 100% Stake In Triumph Offshore

Swan Energy on Wednesday’s after-market hours announced that it acquired 100% stake in Triumph Offshore Private Limited, equivalent to 10,000 equity shares of Rs 10 each. The company in a regulatory filing said that it has invested Rs 1 lakh in Triumph Offshore.

Post the deal, Triumph Offshore became a 100% subsidiary company of Swan Energy Limited.

The share of Swan Energy on Thursday trading session is trading at Rs 136 per share higher by Rs 1.70 per share or 1.26%. It has given 96% returns in a period of one-year and has outperformed the BSE Small Cap and BSE Realty indices over the same time period.

Swan Energy Limited is engaged in the manufacturing of textile products. The company’s business segments include textiles and property development.

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About Suhani Varma

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