Swan Energy has received an approval for allotment of 230,77,000 equity shares of face value of Rs 1 each to 2i Capital PCC at a price of Rs 195 per equity share aggregating to Rs 450 crore. The board of directors of the company at its meeting held on February 22, 2017 has approved for the same.
Swan Energy is engaged in trading in fabric as well as in development of properties. Their activity includes manufacturing and marketing of cotton and polyester sarees and shirtings in India. The company also engaged in the business of Textiles, Property Development.