Sterling and Wilson Renewable Energy (SWRE) has raised Rs 1,500 crore through Qualified Institutions Placement (QIP) route. The Securities Issuance Committee of Board of Directors at its meeting held on December 14, 2023 approved the issue and allotment of 4,32,27,665 equity shares of face value Rs 1 each to eligible qualified institutional buyers at the issue price of Rs 347 per equity share (including the premium of Rs 346 per equity share. The Rs 1,500 crore QIP witnessed a strong response from both domestic mutual funds and marquee global FIIs.
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.
