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Jun 25, 2012, 10.11 AM IST
Shares of Suzlon Energy, the world's fifth largest wind turbine maker, gained as much as 4.6% to hit an intraday high of Rs 18.15 as Suzlon Group will receive USD 60 million by selling China manufacturing subsidiary.
Shares of Suzlon Energy , the world's fifth largest wind turbine maker, gained as much as 4.6% to hit an intraday high of Rs 18.15 as Suzlon Group will receive USD 60 million by selling China manufacturing subsidiary.
In a release sent to exchanges, company said, "It has signed a binding agreement to sell its equity in its wholly-owned China manufacturing subsidiary to China Power (Tianjin) New Energy Development Company for approximately USD 60 million of Rs 340 crore."
At 10:02 hours IST, the share was trading at Rs 17.95, up 3.46% with volumes of 16,74,838 shares.
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