Another highlight for the quarter was the reduction in net debt, with the total figure now reduced to Rs116 crore, compared to Rs1,966 crore at the end of financial year 2023. Reliance New Energy Ltd. owns a 32.54% stake in Sterling & Wilson, based on the company s shareholding pattern disclosed to the exchanges as of March 31, 2024.
Tejas Networks shares soared 20 per cent to hit a high of Rs 1,086.90 on BSE. Tejas Networks turned profitable in Q4. Hatsun Agro Product gained as the company reported 108.76 per cent YoY rise in profit at Rs 52.16 crore in Q4.
Reliance Industries completes acquisition of 40% stake in Sterling & Wilson Solar : Rashtra News #Reliance #Industries #completes #acquisition #stake #Sterling #Wilson #Solar The acquisitions were to help the oil-to-retail conglomerate create a multi-billion-dollar clean energy portfolio. Billionaire Mukesh Ambani’s Reliance Industries Ltd on Thursday said it has completed the acquisition of a 40 per
Shapoorji Pallonji & Company (SPCPL) is considering selling its stake in Sterling and Wilson Renewable Energy (SWRE) to meet financial obligations. Plans are underway to manage debt and refinance it, while the Mistry family considers raising loans and has amassed significant debt.