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The latest update is out from Ujaas Energy Limited ( (IN:UEL) ).
Ujaas Energy Limited’s Board of Directors has approved several strategic financial initiatives aimed at strengthening the company’s capital structure. The board has decided to increase the company’s authorized share capital and approved a preferential issue of equity shares to non-promoter investors, raising significant capital. Additionally, the company plans to issue equity shares to the SVA Family Welfare Trust to convert a loan into equity, ensuring compliance with public shareholding norms. These measures are expected to enhance Ujaas Energy’s financial flexibility and support its growth objectives in the renewable energy sector.
More about Ujaas Energy Limited
Ujaas Energy Limited operates in the renewable energy sector, focusing on the development and management of solar energy projects. The company offers solutions for solar power generation and aims to contribute to sustainable energy production.
Average Trading Volume: 3,034
Technical Sentiment Signal: Buy
Current Market Cap: 16.01B INR
For an in-depth examination of UEL stock, go to TipRanks’ Overview page.