Sterling and Wilson Renewable Energy’s promoters -- Shapoorji Pallonji and Company and Khurshed Yazdi Daruvala have planned to sell up to one crore equity shares through the offer for sale route at a floor price of Rs 270 per piece.
Khurshed Yazdi Daruvala proposes to sell up to 30,00,000 equity shares representing 1.58 per cent of the total issued and paid-up Equity Share capital of the Company on December 20 and 21, 2022 at a floor price of Rs 270 per share. Shapoorji Pallonji and Company proposes to sell up to 70,00,000 Equity Shares representing 3.69 per cent of the total issued and paid-up equity share capital of the company at Rs 270 per share.
Sterling and Wilson Renewable Energy 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.
