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CCI has a stake in Reliance Arm in Sterling and Wilson Renewable Energy

CCI has a stake in Reliance Arm in Sterling and Wilson Renewable Energy

The Competition Commission of India has agreed to purchase a share of Reliance New Energy in Wilson Renewable

New Delhi:

The Competition Commission of India (CCI) on Wednesday approved the acquisition of shares in Sterling and Wilson Renewable Energy by Reliance New Energy Solar Limited.

According to a incorporation notice filed with the regulator, Reliance New Energy is seeking to acquire 40% of its total voting share capital.

However, the acquisition could amount to 51.07% of Sterling and Wilson Renewable Energy’s equity in the event of full acceptance of the open offer.

“The Commission approves the acquisition of shares in Sterling and Wilson Renewable Energy Limited by Reliance New Energy Solar Limited,” according to the regulator’s tweet.

In India, Sterling and Wilson Renewable Energy is engaged in solar engineering, procurement and construction solutions as well as operation and maintenance services.

https://www.ndtv.com/business/cci-approves-reliance-arms-acquisition-of-stake-in-sterling-and-wilson-renewable-energy-2653487 CCI has a stake in Reliance Arm in Sterling and Wilson Renewable Energy

Emma James

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