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Swan Energy is currently trading at Rs. 290.05, up by 0.60 points or 0.21% from its previous closing of Rs. 289.45 on the BSE.

The scrip opened at Rs. 292.00 and has touched a high and low of Rs. 293.65 and Rs. 287.55 respectively. So far 3878 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 337.00 on 04-May-2022 and a 52 week low of Rs. 112.50 on 30-Nov-2021.

Last one week high and low of the scrip stood at Rs. 303.90 and Rs. 270.80 respectively. The current market cap of the company is Rs. 7633.80 crore.

The promoters holding in the company stood at 64.09%, while Institutions and Non-Institutions held 11.38% and 24.53% respectively.

Swan Energy has received approval from board of directors to purchase of 1,47,45,720 equity shares of Rs 1 each, representing 55% of the fully diluted equity share capital, from the existing promoters & promoter group of Veritas India at a price of Rs 117 per share aggregating to Rs 172.52 crore and to acquire 69,70,600 equity shares of face value of Rs 1 each, representing 26% of the fully diluted equity share capital from the existing public shareholders of Veritas (India) via mandatory open offer at a price of Rs 126 per share aggregating Rs 87.83 crore or such higher price as may deem fit. The board of directors of the company at its meeting held on May 20, 2022 have inter alia, considered and approved the same.

Swan Energy is an emerging green energy company with a successful track record in infrastructure projects and textiles too.