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sell stake in hansen
Posted by :
aloka27
ya sir absolutely :)
but these promoters are keeping their stake to financers which is a concern
regards
alok aggarwal...
14000 Debt--Raises 1735 cr ????
Posted by :
shappy
One of the promoter has pledged 2.8 crore shares, thus total shares pledged by the promoter is about 28%
Investors/analysts both are confused about this share whether buy/sell/hold.
In the past people were confused in similar situation in Reliance shares, let us accumulate some qty at every fall and hope for the best.
...
should do well near term
Posted by : bharat in delhiI TEND TO AGREE with your sentiments but as i have been pointing out for last two years,TANTI is playing beyond his aukat and only people like dhirubhai ambani have been successful in doing so.let us hope tulsibhai can repeat the history....
Sell Stake in Hansen by Suzlon
Posted by : shappy
How can a company engaged in converting wind energy to electricity can
incur a debt of 13000 crores, Have they spent on acquisitions for long term growth or siphoned off the money?
...
sell stake in hansen
Posted by : Varner
Yes,
Agree,
I think it be kept in portfolio bought at 50-55 next month....
14000 Debt--Raises 1735 cr ????
Posted by : rvk41
Wind turbine manufacturer Suzlon Energy, which is reeling under nearly Rs 14,000- crore of debt, on Thursday raised about Rs 1,735 crore (pound 224 million) by selling a 35 per cent stake in Belgium-based gearbox maker Hansen Transmissions International BV.
In a press release, Suzlon said its wholly-owned subsidiary AE-Rotor Holding BV completed a secondary placing of 23.6 crore depository interests in Hansen, representing 35.22 per cent of the aggregate voting rights, at 95 pence a depository interest. Hansen’s free float increases from 38.72 per cent to 73.94 per cent.
AE-Rotor Holding continues to own a 26.06 voting right in Hansen. No board changes envisaged in Hansen, according to the release.
Hansen’s shares were down close to 9 per cent on the London Stock Exchange at 105 pence, against Wednesday’s close of 116 pence.
The release quoted Suzlon’s Chairman and Managing Director, Mr Tulsi Tanti, as saying that the company’s acquisition of Hansen (in 2006 for about Rs 2,500 crore) was guided by long-range strategic interests that "we see being delivered today." Since its acquisition, Hansen had added manufacturing capacities.
It quoted Mr Sumant Sinha, Suzlon’s COO, as saying that today’s transaction was an important step towards optimising the company’s debt profile. "We have developed a good relationship with Hansen, hence securing our gearbox supplies for the long term. As the majority shareholder in the company, we will continue to work towards creating even greater value," he said.
Suzlon had appointed BofA-Merrill Lynch and Morgan Stanley as the managers and joint book-runners for the purpose.
In a separate regulatory filing, Hansen confirmed that it was not engaged in any discussions that might lead to an offer for Hansen and was no longer in an "offer period." "We understand that the announcement from Suzlon has brought to an end Suzlon’s evaluation of alternatives regarding its shareholding in Hansen. We welcome the clarity this brings and look forward to resuming normal market communication activities now that the restrictions under the "offer period" have been lifted," it said
For information,with regards
rvk41...
sell stake in hansen
Posted by : aloka27
dear sweetbull
this share is now in downtrend, all good news factored in, hope to see it around 55-60 by month end
regards
alok aggarwal...
NSE Announcements on Suzlon Energy
Posted by : MMB MessengerSuzlon Energy Limited has informed the Exchange that the auditors have conducted the limited review for the un-audited financial results for the quarter/half year ended September 30,2009. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...
sell stake in hansen
Posted by :
sweetbullFII`s invest in suzlon bcoz they can forsee growth potential and scalability in this company. with regard to the future potential the valution for investing now is cheap. Suzlon to reach 115 by month end....
Management is bullish on business. Rs. 100
Posted by : htg2323in no time imho....
sell stake in hansen
Posted by : vinbmtsuzlon sells in hansen is not so positive for suzlon.because comming balance sheet will show heavy losses and heavy net dips in consolidited results...
NSE Announcements on Suzlon Energy
Posted by : MMB MessengerSuzlon Energy Limited has informed the Exchange that "Suzlon subsidiary divests 35.22% stake in Hansen Transmissions International NV ("Hansen")". The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). ...
BSE Announcements on Suzlon Energy
Posted by : MMB MessengerSuzlon Energy Ltd has informed BSE regarding "Suzlon subsidiary divests 35.22% stake in Hansen Transmissions International NV ("Hansen")...
where this stock going
Posted by :
risk vs lucksensex down almost 220 and suzlon up by 2.52 percent its just gr8 can anyone tell me is it abnormal behaviour of the stock or is it going seriously ahead...
Sell Stake in Hansen by Suzlon
Posted by : rk2009
dear shappy
the stock without finance statement is a ship without rudder.finance statement islike x-ray for investor to gauge performance of a company.so this one is still like a company in construction just like adani and relpow. why not invest in NTPC and NHPC proven stocks.this one is madly driven by volumes and surprise evry one if continues to mis use money!!!...
