Reliance Industries announced that its wholly owned subsidiary, Reliance New Energy Solar (RNESL) has acquired by way of off-market purchase, 1,84,00,000 equity shares of Re 1 each at a price of Rs 375 per share aggregating to Rs 690 crore from Shapoorji Pallonji and Company, one of the promoters of Sterling and Wilson Renewable Energy (SWREL).
Consequent to such acquisition, RNESL holds 25.16% of the total paid-up equity share capital of SWREL.
Powered by Capital Market - Live News
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)
Dear Reader,
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.
Digital Editor
RECOMMENDED FOR YOU