New Delhi, Dec 15 (PTI) The Competition Commission of India (CCI) on Wednesday approved the acquisition of shareholding in Sterling and Wilson Renewable Energy Ltd by Reliance New Energy Solar Ltd.

According to a combination notice filed with the regulator, Reliance New Energy is seeking to acquire 40 per cent of the total voting equity share capital.

Also Read | Karnataka Shocker: Woman Kills Husband With Help Of Lover In Dharwad District; Accused Arrested.

However, acquisition can go up to 51.07 per cent of equity share capital of Sterling and Wilson Renewable Energy in the eventuality of full acceptance of the open offer.

"Commission approves acquisition of shareholding in Sterling and Wilson Renewable Energy Limited by Reliance New Energy Solar Limited," according to the regulator's tweet.

Also Read | Year Ender 2021: 5 Cryptocurrencies That Made Headlines This Year.

In India, Sterling and Wilson Renewable Energy is engaged in solar engineering, procurement and construction solutions, and operation and maintenance services. HRS hrs

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)