Shapoorji Pallonji to offload 1.25 per cent stake in Sterling and Wilson Renewable Energy

Shapoorji Pallonji and Company Private Limited has proposed to offload the 1.25 per cent shares it holds in Sterling and Wilson Renewable Energy Limited (SWREL).

The company proposes to sell up to 2.37 million equity shares having a face value of Re 1 each, representing 1.25 per cent of the total issued and paid-up equity share capital of the company. The floor price of the offer shall be Rs 270 per equity share of the company.

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