Saturday, July 13, 2024
English English French Spanish Italian Korean Japanese Russian Hindi Chinese (Simplified)

Shapoorji Pallonji has announced plans to sell a 2.5% stake in Sterling and Wilson Renewable Energy through an offer for sale. The sale will take place on December 20 and 21, with the floor price set at INR 270 per share. On the first day, the sale will be open to non-retail investors, while retail investors will be able to participate on the second day.

A minimum of 25% of the offer has been reserved for mutual funds and insurance companies, and 10% has been reserved for retail investors. The bidding will take place on the National Stock Exchange. Sterling and Wilson Renewable Energy recently won a $1.5 billion contract from the government of Nigeria to build solar PV power plants. On Monday, the company scrip ended 1.9% down at INR 283.25 on BSE.

Subscribe

* indicates required

The Enterprise is an online business news portal that offers extensive reportage of corporate, economic, financial, market, and technology news from around the world. Visit to explore daily national, international & business news, track market movements, and read succinct coverage of significant events. The Enterprise is also your reach vehicle to connect with, and read about senior business executives.

Address: 150th Ct NE, Redmond, WA 98052-4166

©2024 The Enterprise – All Right Reserved.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept