Surana Telecom and Power Limited — Important, 09-06-2025: General Updates

Surana Telecom and Power has announced a board meeting on the financial results for the quarter and half-year. The company completed the sale of 49% stake in its subsidiary Sunvibe Energy, which is developing a 54MW solar project, for Rs. 2.05 Cr at a premium. Sunvibe had no revenue as operations hadn't started. This stake sale means Sunvibe is no longer a subsidiary, indicating a strategic shift away from direct solar project development.