Corporate News     24-Mar-21
Sterling and Wilson Solar to receive Rs 250 cr from promoters against outstanding loans
Sterling and Wilson Solar announced that the promoters Shapoorji Pallonji and Company and Khurshed Daruvala entered into a Share Purchase Agreement on 23 March 2021 with Adani Green Energy with respect to disposal of 100% shareholding held by Sterling and Wilson Private Limited (SWPL) in 2 SPVs. The enterprise valuation of the 2 SPVs is Rs 446 crore.

SWPL will receive net sale consideration of about Rs 250 crore and the entire amount of the net sale proceeds will be utilized towards repayment of part of the outstanding loans due to the Company

Previous News
  Sensex jumps 391 pts; broader market outperforms
 ( Market Commentary - Mid-Session 22-Apr-24   11:34 )
  Sterling & Wilson Renewable Energy reports consolidated net profit of Rs 1.44 crore in the March 2024 quarter
 ( Results - Announcements 22-Apr-24   07:54 )
  Sterling and Wilson turns black after nearly 12 quarters; net down to Rs 116 crore
 ( Hot Pursuit - 22-Apr-24   10:49 )
  Sterling & Wilson Renewable Energy reports consolidated net loss of Rs 296.95 crore in the September 2022 quarter
 ( Results - Announcements 13-Oct-22   08:14 )
  Sterling & Wilson Renewable Energy announces board meeting date
 ( Corporate News - 07-Jul-23   10:29 )
  Volumes spurt at Route Mobile Ltd counter
 ( Hot Pursuit - 17-Jul-23   11:00 )
  Sterling & Wilson Renewable Energy Ltd leads gainers in 'A' group
 ( Hot Pursuit - 17-Jul-23   12:00 )
  SW Solar gains on launching QIP, floor price set at Rs 365.02/sh
 ( Hot Pursuit - 12-Dec-23   13:01 )
  Sterling & Wilson Solar rises after BNP Paribas Arbitrage buys stake
 ( Hot Pursuit - 01-Jul-21   10:33 )
  Sterling and Wilson Renewable declines after weak Q2 performance
 ( Hot Pursuit - 13-Oct-22   10:06 )
  Sterling & Wilson Solar schedules board meeting
 ( Corporate News - 07-Aug-21   14:49 )
Other Stories
  Tridhya Tech to convene board meeting
  03-Jul-24   20:06
  Sonu Infratech schedules EGM
  03-Jul-24   19:59
  Sakuma Exports to convene AGM
  03-Jul-24   19:59
  Time Technoplast repays commercial paper
  03-Jul-24   18:31
  Board of Aditya Vision approves stock split and listing of share on NSE
  03-Jul-24   18:24
  Pricol director resigns
  03-Jul-24   18:21
  Board of VMS Industries recommends first interim dividend
  03-Jul-24   17:49
  Lakshmi Machine Works to declare Quarterly Result
  03-Jul-24   17:44
  Modison to convene AGM
  03-Jul-24   17:43
  Sybly Industries to discuss results
  03-Jul-24   17:43
Back Top