New Delhi: Reliance Industries said on Thursday it has completed the planned acquisition of a 40% equity stake in Sterling and Wilson Renewable Energy (SWREL).
RIL’s subsidiary Reliance New Energy (RNEL) acquired 10.37% of SWERL on Wednesday at a price of 375 per share amounting to 737.5 crore from Shapoorji Pallonji and Company Pvt Ltd and Khurshed Daruvala, both promoters of SWREL, as per the stock exchange filing. This was the last tranche of the transaction, culminating in a 40% stake for RIL in SWERL.
