| <p>Insolation Energy Limited announced that its wholly owned subsidiary, Insolation Green Energy Private Limited, plans to transfer 49% stake in HPJG Green Infra Private Limited and DGEJ Green Infra Private Limited to Mr. Manish Gupta, Mrs. Payal Gupta, Mr. Vikas Jain, and Mrs. Ekta Jain, respectively. The transactions, valued at Rs 1,00,000 for the entire 100% equity shareholding of each company, are considered related party transactions and will be executed at arm’s length, with both Mr. Gupta and Mrs. Jain belonging to the promoter/promoter group of Insolation Energy Limited. Following the transfer, HPJG Green Infra Private Limited and DGEJ Green Infra Private Limited will cease to be wholly owned subsidiaries of Insolation Green Energy Private Limited but will remain subsidiaries of Insolation Energy Limited.</p> |