Sterling Wilson Renewable Energy promoters sell 7.14% stake for Rs 1,040 cr
Shapoorji Pallonji and Company and Khurshed Yazdi Daruvala, promoters of Sterling And Wilson Renewable Energy, on Friday divested a 7.14 per cent stake in the company for Rs 1,040 crore via open market transactions.
According to the bulk deal data available with the NSE, Shapoorji Pallonji and Company Pvt Ltd offloaded 1.35 crore shares, amounting to a 5.78 per cent stake in Sterling And Wilson Renewable Energy (SWSOLAR).
In addition, Khurshed Yazdi Daruvala sold 31.50 lakh shares or 1.35 per cent holding in solar EPC solutions provider Sterling And Wilson Renewable Energy.
The shares were disposed of in the price range varying from Rs 623.28-630.01 apiece, taking the combined transaction value to Rs 1,039.88 crore.
After the stake sale, Shapoorji Pallonji and Company's shareholding in SWSOLAR has declined to 6.95 per cent from 12.73 per cent, while Daruvala's stake has come down to 0.13 per cent from 1.48 per cent.
Also, the combined shareholding of promoter and promoter group ha