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Ujaas Energy gets nod to sell wholly owned subsidiary

Ujaas Energy gets nod to sell wholly owned subsidiary

Ujaas Energy has received in-principle approval to sell the ‘Eizooba Energy One’, Uganda, wholly owned subsidiary of the Company and authorize the management committee to identify the potential buyer and complete the formalities in this regard. The Board of Directors of the company at their meeting held on November 13, 2018, approved the same.

Ujaas Energy is engaged in solar power plant operation business, and manufacturing and sale of solar power system. The company’s segments include Transformer, Solar Power Plant Operation, and Manufacturing & Sale of Solar Power Systems.

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