INSUBCONTINENT EXCLUSIVE:
Competition Commission of India has actually okayed Reliance New Energy stake buy in Wilson RenewableNew Delhi: Competitors Commission of
India (CCI) on Wednesday authorized the acquisition of shareholding in Sterling and Wilson Renewable Resource Limited by Reliance New Energy
Solar Limited.According to a combination notice filed with the regulator, Reliance New Energy is seeking to acquire 40 percent of the
overall voting equity share capital.However, acquisition can increase to 51.07 percent of equity share capital of Sterling and Wilson
Renewable Energy in the possibility of full approval of the open offer
Commission approves acquisition of shareholding in Sterling and Wilson Renewable Resource Limited by Reliance New Energy Solar Limited,
according to the regulator's tweet.In India, Sterling and Wilson Renewable resource is taken part in solar engineering, procurement and
construction services, and operation and upkeep services
