SunEdison’s Rooftop Solar Subsidiary Procures Sherisha Solar

SunEdison Infrastructure Ltd has announced that it has through its wholly-owned rooftop subsidiary, the SIL Rooftop, has procured Sherisha Solar Private Limited, founded in 2015 and is involved in the generation of electricity by tapping into solar energy.

SunEdison, which is into the installation of solar water pumps, solar rooftop panels, etc announced of the development in a BSE filing. The company is anticipating that the procurement will help SIL in conveying high-performance solar assets to the customers with enhanced customer service and visibility.

In the corporate declaration, the firm stated that “Pursuant to the provisions of Reg 30 read with Schedule III of SEBI(LODR)Reg, 2015 as amended from time to time SIL Rooftop Solar Power Private Limited (hereinafter “SIL Rooftop”) the wholly-owned subsidiary of SunEdison Infrastructure Limited, acquired 100 percent fully paid-up Equity Share Capital along with voting rights of Sherisha Solar Private Limited (hereinafter “SSPL”) on January 03, 2020.”

As a result of the procurement, Sherisha Solar has become a step-down subsidiary of SunEdison Infrastructure Limited w.e.f. January 03, 2020.