Amarjothi Spinning Mills has acquired 1,000 equity shares (3.65%) of Rs 10 each in the share capital of Puvaneswari Enterprises Wind Farms. The company has acquired the above mentioned equity shares for a cash consideration at Rs 10 per share. The acquisition of shares was completed on April 30, 2018.
Puvaneswari Enterprises Wind Farms is engaged in the business of buy, sell, supply or distribute electricity or power from any other wind mill or power generation companies or from the government and provide all infrastructure facilities to wind power electricity or power generation and distribution industries.
Amarjothi Spinning Mills is engaged in the manufacturing and marketing of melange Yarn in India and internationally.