Promoters plan Sterling & Wilson solar stake sale
Shapoorji Pallonji-backed Sterling and Wilson Solar NSE 0.89 % 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 NSE 0.76 % Group and Reliance Industries NSE -0.24 %, hoping to reap the benefits of increased interest in renewable energy in the country.
Shapoorji Pallonji & Co. Pvt. Ltd (SPCPL) 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, people with knowledge of the matter told ET.
