{"id":467293,"date":"2022-02-10T11:36:10","date_gmt":"2022-02-10T06:06:10","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=467293"},"modified":"2022-02-10T11:36:10","modified_gmt":"2022-02-10T06:06:10","slug":"reliance-industries-completes-acquisition-of-40-stake-in-sterling-wilson-solar","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/reliance-industries-completes-acquisition-of-40-stake-in-sterling-wilson-solar\/","title":{"rendered":"Reliance Industries completes acquisition of 40% stake in Sterling &amp; Wilson Solar"},"content":{"rendered":"<p>Billionaire Mukesh Ambani\u2019s Reliance Industries Ltd on Thursday said it has completed the acquisition of a 40 per cent stake in Shapoorji Pallonji Group\u2019s Sterling &amp; Wilson Renewable Energy Ltd (SWREL) for Rs 2,845 crore.<\/p>\n<p>Reliance had in October 2021 announced two back-to-back acquisitions \u2014 a USD 771 million buyout of Norway-based solar panel manufacturer REC Solar Holdings and purchase of a 40 per cent stake in solar Engineering, Procurement, Construction (EPC) firm SWREL, formerly known as Sterling and Wilson Solar Limited, in a multi-stage transaction for about Rs 2,845 crore.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Billionaire Mukesh Ambani\u2019s Reliance Industries Ltd on Thursday said it has completed the acquisition of a 40 per cent stake in Shapoorji Pallonji Group\u2019s Sterling &amp; Wilson Renewable Energy Ltd (SWREL) for Rs 2,845 crore. Reliance had in October 2021 announced two back-to-back acquisitions \u2014 a USD 771 million buyout of Norway-based solar panel manufacturer REC Solar Holdings and purchase of a 40 per cent stake in solar Engineering, Procurement, Construction (EPC) firm SWREL, formerly known as Sterling and Wilson Solar Limited, in a multi-stage transaction for about Rs 2,845 crore.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,240,138],"tags":[],"class_list":["post-467293","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/467293","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=467293"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/467293\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=467293"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=467293"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=467293"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}