Shares of Suzlon Energy rose 31 percent on the back of report that a Danish firm may buy controlling stake in the company.
Vestas is in talks with Suzlon to buy a controlling stake in the company, reported CNBC-TV18, quoting sources.
According to sources, negotiations between Vestas & Suzlon with respect to the valuation is currently in progress, while Vestas is expected to make an open offer post the deal with Suzlon.
However, the deal with Vestas will need approval from Suzlon’s lenders, it added.At close, Suzlon Energy was at Rs 5.80, up Rs 1.37, or 30.93 percent on the BSE.Are you happy with your current monthly income? Do you know you can double it without working extra hours or asking for a raise? Rahul Shah, one of the India's leading expert on wealth building, has created a strategy which makes it possible... in just a short few years. You can know his secrets in his FREE video series airing between 12th to 17th December. You can reserve your free seat here.