 "shares")
Sterling & Wilson today said its board of directors has approved the allotment of 29.3 million equity shares to Reliance New Energy Solar Limited (RNESL) at a price of Rs 375 per share, aggregating to Rs 10.99 billion.
Post allotment, RNESL will hold 15.46 per cent of the total paid-up equity share capital of the firm, the company said in an exchange filing today.
Following the allotment, Sterling & Wilson's subscribed and paid-up equity share capital stands increased at 18,96,93,333 from 16,03,60,000 equity shares of face value of Rs 1 each.
Also, on consummation of the transaction under the share
