Reliance Makes Open Offer for a 25.9% Public Shareholding in Sterling and Wilson Solar

The offer is a part of Reliance’s agreement to acquire a 40% stake in Sterling and Wilson Solar

October 27, 2021

/ Harsh Shukla
/ Finance and M&A, Solar
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Reliance New Energy Solar, the green energy arm of Reliance Industries Limited (RIL), has offered ₹375 (~$5)/share to acquire 49.14 million equity shares of Sterling and Wilson Solar for around ₹18.42 billion (~$245.58 million).

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Harsh Shukla

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AcquisitionagreementEPCinvestmentRelianceSharesSterling and Wilson Solar
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