Reliance Group firm offers ₹375/share to acquire 4.91 crore shares of Sterling and Wilson Solar
The Hindu
Apart from Reliance New Energy Solar Ltd. (RNESL), the other Reliance Group firms which would be persons acting in concert (PAC) are Reliance Industries Ltd. (RIL) and Reliance Ventures Ltd., according to the draft letter of open offer
Reliance Group firm Reliance New Energy Solar has offered ₹375 per share to acquire 4.91 crore shares of Sterling and Wilson Solar for over ₹1,840 crore.
The 4.91 crore shares constitute 25.9% equity stake or the entire public holding in Sterling and Wilson Solar Ltd, Sterling and Wilson Solar said in a regulatory filing.
Apart from Reliance New Energy Solar Ltd. (RNESL), the other Reliance Group firms which would be persons acting in concert (PAC) are Reliance Industries Ltd. (RIL) and Reliance Ventures Ltd., according to the draft letter of open offer.
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