Sterling and Wilson Renewable Energy rose 3.52% to Rs 340.80 after its wholly owned step down subsidiary, Sterling and Wilson Solar Solutions Inc, along with its consortium partner signed a MoU with the Government of the Federal Republic of Nigeria.

Sterling and Wilson Renewable spurts after subsidiary inks MoU with Nigeria govt

As per details filed with stock exchanges, Reliance New Energy Solar would acquire around 15.46% stake in listed Sterling and Wilson Solar through the preferential allotment route, acquire 9.7% stake from Shapoorji Pallonji and Company and make an open offer for 25.9% of the company’s shares as per …

Reliance Industries Limited arm grants ₹750-cr Loan to Shapoorji Pallonji Company

The company’s revenue from operations for Q2FY22 stood at Rs1,438.42cr. Gross unexecuted order value stood at Rs6,730cr.

Sterling and Wilson Solar reports consolidated net loss at Rs284.35cr in Q2FY22; Stock ends 4% lower

The solar industry continued to face headwinds over the last year due to an unprecedented increase in the prices of modules and commodities along with the freight cost

Sterling and Wilson Solar reports Rs 284 cr loss for Sept quarter

Reliance New Energy Solar (RNSEL) has offered ₹375 a share to acquire 4.91 crore shares of Sterling and Wilson Solar for over ₹1,840 crore. The 4.91-crore shares constitute 25.9 per cent stake or the

SWSL: RIL arm makes open offer at ₹375/share

Apart from Reliance New Energy Solar Ltd, the other Reliance Group firms which would be persons acting in concert are Reliance Industries Ltd and Reliance Ventures Ltd.

Reliance New Energy Solar offers Rs 375 per share to acquire 26% stake in Sterling and Wilson Solar

Reliance New Energy Solar offers Rs 375 per share to acquire 4.91 cr shares of Sterling and Wilson Solar

Apart from Reliance New Energy Solar Ltd. (RNESL), the other Reliance Group firms which would be persons acting in concert (PAC) are Reliance Industries Ltd. (RIL) and Reliance Ventures Ltd., according to the draft letter of open offer

Reliance Group firm offers ₹375/share to acquire 4.91 crore shares of Sterling and Wilson Solar

Mukesh Ambani’s Reliance New Energy Solar has submitted an open offer to acquire 25.9% stake in Sterling and Wilson Solar at a 12% discount to the current share price.

Reliance New Energy Solar makes open offer to acquire 26% stake in Sterling and Wilson Solar at Rs 375 a share

The shares will be acquired from the public shareholders by Reliance New Energy Solar Ltd together with Reliance Industries Ltd (PAC 1) and Reliance Ventures Ltd (PAC 2).

Reliance New Energy Offers Rs 375 Per Share To Acquire 4.91 Crore Shares Of Sterling and Wilson Solar

As per the filing, Reliance New Energy Solar Ltd has issued a “draft letter of offer for open offer for acquisition of up to 4,91,37,420 fully paid-up equity shares of face value of Rupee one each representing the entire public shareholding constituting 25.90 per cent of the emerging Voting Capital …

RIL arm offers Rs 375 per share to acquire 26% stake in Sterling and Wilson Solar

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Profitability and efficiency haven't been upto the mark

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

The stock has a moderate number of red flags

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Sterling and Wilson Solar is an end-to-end solar engineering, procurement and construction (EPC) solutions provider. The Company provides EPC services with a focus on project design, engineering and management. It also provide O&M services.