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Selan Exploration Technology Limited ( (IN:SELAN) ) just unveiled an announcement.
Antelopus Selan Energy Limited announced a significant change in its shareholding structure following a Composite Scheme of Arrangement approved by the National Company Law Tribunal. Blackbuck Energy Investments Limited, a promoter of the company, has been allotted a substantial number of equity shares, increasing its stake to 69.93%. This move is part of a strategic amalgamation with Antelopus Energy Private Limited, which is expected to strengthen the company’s market position and enhance its operational capabilities.
More about Selan Exploration Technology Limited
Antelopus Selan Energy Limited, formerly known as Selan Exploration Technology Limited, operates in the energy sector. The company is involved in exploration and production activities, focusing on the development of energy resources. It is based in Gurgaon, Haryana, India.
Average Trading Volume: 9,646
Technical Sentiment Signal: Sell
Current Market Cap: 8.8B INR
Learn more about SELAN stock on TipRanks’ Stock Analysis page.