Earlier, RIL announced buying out the full equity in the Norwegian solar panel manufacturer REC Solar Holdings for $771-million from China National Bluestar Group Company.
The Shapoorji Pallonji Group on Sunday announced its second asset sale as part of deleveraging its stretched balance-sheet, by selling 40 per cent in Sterling & Wilson Solar, the solar EPC joint venture it runs with the city-based Khurshed Yazdi Daruvala family, to an arm of Reliance Industries for Rs 2,845 crore.
RIL picks up 40% in SP Group arm Sterling &Wilson Solar for Rs 2,845 cr outlookindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from outlookindia.com Daily Mail and Mail on Sunday newspapers.
Reliance New Energy Solar to acquire 40% stake in Sterling and Wilson Solar Ltd equitybulls.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from equitybulls.com Daily Mail and Mail on Sunday newspapers.