Nitco Limited has announced the successful transfer of its Wind Energy Business Undertaking to Siva Green Energy India Private Limited through a slump sale agreement. The transfer, which was finalized on March 12, 2025, follows the necessary approvals from shareholders and regulatory authorities.
The transaction was executed in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company had previously informed the stock exchanges about the proposed transaction in a filing dated February 12, 2025.
This move aligns with Nitco’s strategic restructuring plans, as the company aims to focus on its core business operations. The details of the financial aspects of the deal were not disclosed in the latest filing.
For further updates, Nitco has requested the stock exchanges to take the intimation on record.
Disclaimer:
The information provided is based on the company’s regulatory filing and should not be considered as financial or investment advice. Investors are advised to conduct their own research before making any investment decisions.
