NEW DELHI: Shares of Swan Energy today jumped over 6% to bit fresh 52-week high of Rs 392 after the company announced that it has initiated the formal process of taking over Reliance Naval and Engineering Limited (RNEL).
As the first step, SEL will set up a Board of Directors once the Monitoring Committee appointed by the NCLT gets dissolved. SEL will kick start operations as soon as the takeover process is completed.
