Reliance New Energy Solar to acquire 25.9 per cent stake in Sterling and Wilson Solar

Reliance New Energy Solar has offered Rs 375 per share to acquire 49.1 million shares of Sterling and Wilson Solar for over Rs 18.40 billion.

The 49.1 million shares constitute 25.9 per cent equity stake or the entire public holding in Sterling and Wilson Solar Limited. The shares will be acquired from the public shareholders by Reliance New Energy Solar Limited together with Reliance Industries Limited (PAC 1) and Reliance Ventures Limited (PAC 2).

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