THE GREEN POWER PATH
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