Sterling and Wilson Solar (SWSL) has got shareholders' approval to issue equity shares on a preferential basis to Reliance New Energy Solar (RNESL). Earlier, on October 10, the company had announced that RNESL had executed definitive agreements with Shapoorji Pallonji and Company (SPCPL), Khurshed Daruvala and Sterling to acquire 40 per cent stake post-money in SWSL through a series of transactions.
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.
