Sterling and Wilson Solar (SWPL) has entered into a Share Purchase Agreement on March 23, 2021 with Adani Green Energy for disposal of 100% shareholding held by SWPL in 2 Special purpose vehicles (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.
Sterling & Wilson Solar is engaged in the business of construction and maintenance of power plants. The company's products and services range include Contract activities and Operation Services.
