{"id":441972,"date":"2021-10-12T11:44:11","date_gmt":"2021-10-12T06:14:11","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=441972"},"modified":"2021-10-12T12:38:14","modified_gmt":"2021-10-12T07:08:14","slug":"ril-boosts-solar-business-with-rs-9000-crore-deals","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/ril-boosts-solar-business-with-rs-9000-crore-deals\/","title":{"rendered":"RIL boosts solar business with Rs 9,000 crore deals"},"content":{"rendered":"<p>NEW DELHI: Mukesh Ambani\u2019s $10-billion renewables dream will take wings with acquisition of Norway-based solar panel manufacturer REC Solar Holdings and a 40% stake in Sterling &amp; Wilson Solar, a Shapoorji-Pallonji group company, with a combined deal value of more than Rs 9,300 crore. <\/p>\n<p>Reliance New Energy Solar (RNESL), a wholly owned subsidiary of Reliance Industries (RIL), on Sunday acquired 100% shareholding of REC Solar Holdings AS (REC Group) from China National Bluestar (Group) Co, for an Enterprise Value of $771 million (Rs 5,800 crore). <\/p>\n<p>Simultaneously, RNESL also executed definitive agreements with Shapoorji Pallonji and Company (SPCPL), Khurshed Daruvala and Sterling &amp; Wilson Solar (SWSL) to acquire 40% stake post-money in SWSL through a series of transactions.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI: Mukesh Ambani\u2019s $10-billion renewables dream will take wings with acquisition of Norway-based solar panel manufacturer REC Solar Holdings and a 40% stake in Sterling &amp; Wilson Solar, a Shapoorji-Pallonji group company, with a combined deal value of more than Rs 9,300 crore. Reliance New Energy Solar (RNESL), a wholly owned subsidiary of Reliance Industries (RIL), on Sunday acquired 100% shareholding of REC Solar Holdings AS (REC Group) from China National Bluestar (Group) Co, for an Enterprise Value of $771 million (Rs 5,800 crore). Simultaneously, RNESL also executed definitive agreements with Shapoorji Pallonji and Company (SPCPL), Khurshed Daruvala and [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,246,137],"tags":[],"class_list":["post-441972","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/441972","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=441972"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/441972\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=441972"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=441972"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=441972"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}