Business Standard



Through takeover

Full ownership of Norway-based REC Solar Holdings (REC Group)

Deal value: $771 million

Through substantia­l stakes

40% in Sterling & Wilson Solar Ltd (SWSL) via:

Preferenti­al allotment of 293 billion shares (equivalent to 15.46% post preferenti­al share capital) for ~375 a piece

Acquisitio­n of 184 billion shares from SPCPL (equivalent to 9.70% post preferenti­al share capital) at the same price

RNESL to acquire up to 491 billion publicly held shares of SWSL, representi­ng 25.9% equity

Deal value:

~2,850 cr Estimated at

Through start-up investment

A $50-million infusion in US energy storage company Ambri Inc

Through tie-ups

Reliance BP Mobility to scale e-charging offering along with Blusmart

Newspapers in English

Newspapers from India