Swan Energy informs the exchange about pre-payment of its subsidiary’s 300 crore debt on Thursday, June 26. Triumph Offshore Private Limited (TOPL), subsidiary of the company, has pre-paid Rs. 300 crore debt for its Floating Storage and Regasification Unit (FSRU) Project. TOPL has pre-paid Rs. 300 crore to its consortium of lenders of FSRU Project towards partial repayment of the debt.
Swan Energy recently acquires 49% shares of TOPL from IFFCO at a total price of Rs. 440 crore. The company bought 26.51 crore equity shares. After the acquisition TOPL becomes 100% subsidiary of the company.
ReadmoreSwan Energy invests Rs. 440 crore in Triumph Offshore Private Limited
About Triumph Offshore Private Limited
Incorporated in May, 2017, TOPL operates FSRU vessel. The company has shown significant financial growth with turnover of Rs. 646.90 crore in FY24, Rs. 204.24 crore in FY23 and Rs. 47.51 crore in FY22. The company had Share Capital of Rs. 53.50 crore, based on Audited Financial as on March 31, 2024. The Company have a registered office at Memnagar, Bodakdev, Ahmedabad, Gujarat.
