April 3, 2017 / 11:51 AM / 7 months ago

BRIEF-Hulisani Ltd agrees to buy solar sites developer Momentous Technologies

April 3 (Reuters) - Hulisani Limited:

* Acquisition in Rustmo1 Solar Farm Proprietary Limited and renewal of cautionary

* Has entered into a share sale agreement with Pravin Semnarayan and Gareth Warner to acquire Momentous Technologies Proprietary Limited

* Deal for a purchase consideration of 26,500,000 rand

* Hulisani will fund transaction with its cash reserves

* Co is in further discussions on the acquisition of additional assets within the renewable energy sector Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +91 806 749 1136)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below