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Last Updated : Feb 22, 2019 03:53 PM IST | Source: Moneycontrol.com

Suzlon Energy surges 31% as Danish firm may buy controlling stake in co

The deal with Vestas will need approval from Suzlon’s lenders.

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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.

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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.

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First Published on Feb 22, 2019 03:45 pm
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