Sterling Wilson Solar spikes 13% after RIL says it will acquire 40% stake
NEW DELHI: Shares of Sterling Wilson Solar (SWSL) surged 13 per cent in Monday trade after Reliance Industries said its renewable energy unit has acquired a 40 per cent stake in the company.
“Reliance New Energy Solar Limited (RNESL), a wholly-owned subsidiary of Reliance Industries, on Sunday executed definitive agreements with Shapoorji Pallonji and Company Private, Khurshed Daruvala and SWSL to acquire 40 per cent stake in the latter,” RIL said.
