{"id":63844,"date":"2021-10-12T07:50:15","date_gmt":"2021-10-12T07:50:15","guid":{"rendered":"https:\/\/theelectricityhub.com\/?p=63844"},"modified":"2021-10-12T15:02:34","modified_gmt":"2021-10-12T15:02:34","slug":"reliance-industries-to-buy-up-to-40-of-sterling-and-wilson-solar","status":"publish","type":"post","link":"https:\/\/theelectricityhub.com\/reliance-industries-to-buy-up-to-40-of-sterling-and-wilson-solar\/","title":{"rendered":"Reliance Industries to Buy Up to 40% of Sterling and Wilson Solar"},"content":{"rendered":"<div id=\"news_hd_86927733\" class=\" clearfix \">\n<div class=\"post-body\">\n<div class=\"post-wrapper post-header\">\n<section>\n<header class=\"page_hdr\">&nbsp;<\/p>\n<!--[if lt IE 9]><script>document.createElement('audio');<\/script><![endif]-->\n<audio class=\"wp-audio-shortcode\" id=\"audio-63844-1\" preload=\"none\" style=\"width: 100%;\" controls=\"controls\"><source type=\"audio\/mpeg\" src=\"https:\/\/theelectricityhub.com\/wp-content\/uploads\/2021\/10\/Reliance.mp3?_=1\" \/><a href=\"https:\/\/theelectricityhub.com\/wp-content\/uploads\/2021\/10\/Reliance.mp3\">https:\/\/theelectricityhub.com\/wp-content\/uploads\/2021\/10\/Reliance.mp3<\/a><\/audio>\n<ul>\n<li>Sterling and Wilson Solar will sell a 15.46% stake via new shares issuance.<\/li>\n<li>Reliance will also purchase 9.7% of the company&#8217;s post preferential share capital from Pallonji and Co. Pvt. Ltd.<\/li>\n<\/ul>\n<\/header>\n<\/section>\n<\/div>\n<\/div>\n<\/div>\n<div id=\"news_dtl_86927733\" class=\"content-wrapper post-body clearfix article-body-full\" data-href=\"https:\/\/energy.economictimes.indiatimes.com\/news\/renewable\/reliance-industries-agrees-to-buy-up-to-40-of-sterling-and-wilson-solar\/86927733\" data-msid=\"86927733\" data-authors=\"[&quot;&quot;]\" data-category-name=\"Renewable\" data-category_id=\"262\" data-date=\"2021-10-11\">\n<div class=\"article-body\">\n<div class=\"post-social-wdgt\">\n<p>Reliance Industries has agreed to acquire about a 40 per cent stake in <a href=\"https:\/\/energy.economictimes.indiatimes.com\/tag\/sterling+and+wilson\">Sterling and Wilson<\/a> Solar through its clean energy unit Reliance New Energy Solar. The companies made this known via separate statements on Sunday. Sterling and Wilson stated that it had agreed to sell a 15.46 per cent stake to <a href=\"https:\/\/energy.economictimes.indiatimes.com\/tag\/rnesl\">RNESL<\/a> for 10.99 billion rupees ($146.3 million) via the issuance of new shares. In addition, reliance stated that Shapoorji Pallonji and Co. Pvt. Ltd, one of Sterling and Wilson promoters, will also sell 18.4 million shares to RNESL for 375 rupees per share.<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Sterling and Wilson Solar will sell a 15.46% stake via new shares issuance. Reliance will also purchase 9.7% of the company&#8217;s post preferential share capital from Pallonji and Co.&hellip; <\/p>\n","protected":false},"author":3,"featured_media":54590,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","footnotes":""},"categories":[219,223],"tags":[259,2466,2467,258,468],"class_list":["post-63844","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-2","category-renewable-energy","tag-india","tag-reliance","tag-rnesl","tag-solar","tag-sterling-wilson"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Reliance Industries to Buy Up to 40% of Sterling and Wilson Solar &#8226; The Electricity Hub<\/title>\n<meta name=\"description\" content=\"Reliance New Energy Solar. has agreed to acquire about a 40 per cent stake in Sterling and Wilson Solar...\" \/>\n<meta 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