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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