CCI Okays Reliance Arm's Stake In Sterling And Wilson Renewable Energy

New Delhi: Competition Commission of India (CCI) on Wednesday permitted the acquisition of shareholding in Sterling and Wilson Renewable Energy Limited by Reliance New Energy Solar Limited.According to a mix discover filed with the regulator, Reliance New Energy is searching for to amass 40 per cent of the overall voting fairness share capital.However, acquisition can go as much as 51.07 per cent of fairness share capital of Sterling and Wilson Renewable Energy within the eventuality of full acceptance of the open provide."Commission approves acquisition of shareholding in Sterling and Wilson Renewable Energy Limited by Reliance New Energy Solar Limited," in keeping with the regulator's tweet.In India, Sterling and Wilson Renewable Energy is engaged in photo voltaic engineering, procurement and development options, and operation and upkeep providers.