Solar module manufacturer, SWELECT Energy Systems, announced that its wholly owned subsidiary, SWELECT SolarKraft, has signed an agreement to acquire a 49% equity stake in Gridnex Solar Power.Gridnex Solar Power is a wholly owned subsidiary of Apollo Green Energy.SWELECT SolarKraft will acquire 4,900 equity shares with a face value of ₹10 (~$0.106) each, representing 49% of Gridnex Solar’s total paid-up equity share capital.
