Brief: Sterling And Wilson Solar - To Sell 15.46% Stake To Reliance New Energy Solar Ltd

Sterling and Wilson Renewable Energy

10/10/2021 15:33

Oct 10 (Reuters) - 
    * STERLING AND WILSON LTD - TO ISSUE 29,333,333 EQUITY
SHARES OF
FACE VALUE OF 1 RUPEE EACH AT A PRICE OF 375 RUPEES/SHARE TO
RELIANCE NEW ENERGY SOLAR LTD
    * STERLING AND WILSON SOLAR - ISSUE OF SHARES TO UNIT OF
RELIANCE
INDUSTRIES REPRESENT 15.46% OF POST PREFERENTIAL ISSUE PAID-UP
EQUITY SHARE CAPITAL OF CO
    * STERLING AND WILSON SOLAR - TO CONVENE SHAREHOLDERS MEET
ON NOV.
2 TO APPROVE SALE OF SHARES TO RELIANCE NEW ENERGY SOLAR LTD

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 (Reporting by Nidhi Verma)
 ((nidhi.verma@thomsonreuters.com;))