Sterling & Wilson Solar promoter Daduvala offloads 5% stake worth ₹200 crore

Mumbai: Promoter Khurshed Yazdi Daruvala has sold 4.99% equity stake in Sterling and Wilson Solar on Wednesday, the solar EPC and O&M solutions provider, via an open market transaction.

Khurshed Yazdi Daruvala sold 8 million equity shares or 4.99% of the total paid-up equity in solar solutions company at an average price ₹250.6 per share, according to the bulk deals data available on the exchange.

The stake sold was worth over ₹200.50 crore. Khurshed Yazdi Daruvala held 15.76% stake in the company as of December 2020.

In December, Khurshed had sold 2.63 million or 1.64% stake in the company worth over ₹60 crore.