Suzlon ltd is in discussions to acquire the remaining 9 per cent stake

Suzlon ltd is in discussions to acquire the remaining 9 per cent stakeWind turbine producer Suzlon Energy ltd is in discussions to acquire the remaining 9 per cent stake in German unit REpower Systems AG, it’s chief financial official said on Mon.

“All of us are working towards it,” Robin Banerjee said at the Reuters India Investment Summit in Mumbai, adding that Suzlon had no ideas to sell a stake in REpower.

Press had previously said that Suzlon might sell around 25 per cent in REpower for $500 million.

Suzlon , that retains 91 % of REpower, is the world’s 3rd-biggest wind turbine manufacturer behind Denmark’s Vestas as well as Spain’s Gamesa.

Be Sociable, Share!
Tags:

Stock Market Basics For Beginners

Foreign Institutional Investors In India

Foreign Institutional Investors In India Foreign capital flows have come to be acknowledged as one of the significant sources of funds for economies that would like to raise at a ...…

Intraday Tips For Today

Intraday Tips For Today Nsestocktips.in provide intraday trading tips, daily update share tips , you want share tips on mebile subscribe our special offer plan for more share stock ...…

Assets

Assets Assets is owned by a company or a person. Property are listed on a company's balance sheet and include tangible things like inventory, equipment, and ...…

What are Premium Issues?

What are Premium Issues? Most Companies shares have a face value of Rs.10 though not always offer to the public at this price. Companies can offer a stock (share) ...…

Accelerated Vesting

Accelerated Vesting A kind of vesting which occurs at a quicker rate than the initial vesting schedule in the firm's share option plan. This enables the option ...…

Indian Share Tips

NSE Investment Site

Market Update

Share Guide

Designed by VMV
web
analytics