CCI approves acquisition of 40 per cent stake in Sterling and Wilson Renewable Energy by RIL

The Competition Commission of India (CCI) has approved the acquisition of shareholding in Sterling and Wilson Renewable Energy Limited (SWREL) by Reliance Industries’ wholly-owned subsidiary Reliance New Energy Solar Limited (RNESL).

The proposed deal envisages acquisition of 40 per cent of the equity share capital of Sterling and Wilson Renewable Energy Limited (formally known as Sterling and Wilson Solar Limited) by RNESL. However, the acquisition can go up to 51.07 per cent of equity share capital of SWREL in the eventuality of full acceptance of the open offer.

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