Moneycontrol
Nov 18, 2011 09:37 AM IST | Source: Moneycontrol.com

Goldman Sachs buys 3.2 cr Suzlon shares via block deals

Yesterday Suzlon Energy's promoters sold 2% stake via block deal. They sold 3.7 crore shares at Rs 27.15 per share. The comapny's promoters have lowered their stake to under 53%, reports CNBC-TV18.

Goldman Sachs buys 3.2 cr Suzlon shares via block deals

Yesterday Suzlon Energy's promoters sold 2% stake via block deal. They sold 3.7 crore shares at Rs 27.15 per share. The comapny's promoters have lowered their stake to under 53%, reports CNBC-TV18.


Goldman Sachs bought nearly 3.28 crore shares in the company via block deals at an average price of close to Rs 27.


The share touched a 52-week low of Rs 23.85. At 09:19 hrs the share was quoting at Rs 24.90, down Rs 0.70, or 2.73%. 


Fundamental View


PN Vijay, Portfolio Manager advice investors to buy Suzlon Energy at current levels for long term.

Vijay told CNBC-TV18,

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