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Reliance New Energy Solar To Acquire 40 Percent Stake In Sterling And Wilson Solar

Reliance New Energy Solar Ltd (RNESL), a wholly-owned subsidiary of Reliance Industries Ltd (Reliance), today executed definitive agreements with Shapoorji Pallonji and Company Private Ltd (SPCPL), Khurshed Daruvala, and Sterling & Wilson Solar Ltd (SWSL) to acquire 40.0% stake post-money in SWSL through a series of the following transactions: a) Preferential allotment of 2.93

India: RIL s solar unit invests $29m in German firm NexWafe s Series C round

India: RIL s solar unit invests $29m in German firm NexWafe s Series C round
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India s Reliance Industries invests nearly $29 mln in Germany s NexWafe

Indian oil-to-telecoms conglomerate Reliance Industries Ltd said on Tuesday its solar unit Reliance New Energy Solar Ltd (RNESL) will buy preferred shares of German firm NexWafe worth 25 million euros ($28.82 million).

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