Wednesday, September 23, 2009
Suzlon promoters offload 4.5% stake
Three promoters of Suzlon Energy have sold nearly 70m shares, bringing the promoter group’s total holding in the firm to 53.08%. The transaction is estimated to be in the range of USD 100m-150m. The promoters intend to “provide the funds to the company either in form of debt or equity”. The stock offload deal follows 2% stake sale by Suzlon promoters in May 2009.
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