Saturday, 14 February 2015

Buy Equity Worth Rs 1,800 Crore In Suzlon : Dilip Shanghvi

Wind turbine maker Suzlon Energy has signed definitive agreements with Dilip Shanghvi Family and Associates (DSA) for equity investments of Rs 1,800 crore. "Post allotment, DSA shareholding in Suzlon Energy will be 23 per cent shares (based on current shareholding), while the Tanti Family will hold 24 per cent shares," Suzlon Energy said in a statement. 
                Management control will remain with the Tanti family by virtue of pooling arrangement for voting. "This financial investment is in sync with the Prime Minister's long-term vision and immense potential of the renewable energy market. 

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