Indian solar products maker and EPC contractor Swelect Energy Systems Ltd (BOM:532051) said on Thursday it has signed a deal to buy a 49% stake in Gridnex Solar Power Pvt Ltd, a recently established photovoltaic (PV) project developer and power producer.

SWELECT acquires 49% of Gridnex Solar for ₹4.31 crore, expanding its solar energy footprint without altering control dynamics.

Indian solar products maker and EPC contractor Swelect Energy Systems Ltd (BOM:532051) said on Thursday it has signed a deal to buy a 49% stake in Gridnex Solar Power Pvt Ltd, a…