ABB India Trades Solar Inverter Business to Marici Solar India for Rs.100 Crores
The business transfer will be effective from April 1, it said in a declaration. Marici Solar India is the whole-owned Indian subsidiary of Italy-based Fimer SpA
March 11, 2020. By News Bureau
ABB India has announced that its board of directors has sanctioned the proposal to sell the company's solar inverter business to Marici Solar India for Rs 100.6 crore.
The business transfer will be effective from April 1, it said in a declaration. Marici Solar India is the whole-owned Indian subsidiary of Italy-based Fimer SpA.
For the financial year 2019, ABB India's solar inverter business had a turnover of Rs 664 crore, about 9 per cent of the total turnover.
please contact: contact@energetica-india.net.
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