M&A

M&A

RIL hikes stake in Sterling & Wilson Renewable Energy to 40%

BSE Disclosure  

Publicly listed Reliance Industries Limited (RIL) through its wholly owned subsidiary Reliance New Energy Limited (RNEL) has on February 9, 2022 acquired - through off-market purchases a 10.37% additional stake in Sterling and Wilson Renewable Energy Limited (SWREL, formerly known as Sterling and Wilson Solar Limited).. Post the latest deal， RNEL holds 40% of the total paid-up equity share capital of SWREL