Promoters plan Sterling & Wilson solar stake sale; in talks with PEs, Adani, RIL

Shapoorji Pallonji-backed Sterling and Wilson Solar is said to be in sale talks with bulge-bracket private equity funds, including Canadian funds such as Brookfield and CPPIB, as well as Indian conglomerates such as Adani Group and Reliance Industries. Shapoorji Pallonji & Co Pvt Ltd and Khurshed Yazdi Daruvala, promoter-shareholders of Sterling and Wilson Solar, are exploring options to cede control of the entity as they look to settle outstanding debt and use the remaining funds for other businesses.