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Reliance to Buy 40% Stake in EPC Company Sterling & Wilson Solar

The acquisition will help Reliance implement giga-scale solar energy capacity in India

October 11, 2021

/ Harsh Shukla
/ Finance and M&A, Solar
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Reliance New Energy Solar Limited (RNESL), the green energy arm of Reliance Industries, has signed an agreement with Shapoorji Pallonji and Company Private Limited (SPCPL) to acquire a 40% stake in Sterling and Wilson Solar through a combination of primary investment, a secondary purchase, and an open offer.

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Harsh Shukla

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AcquisitionRelianceSharesSolarSterling and Wilson Solar
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