Moneycontrol Be a Pro
Get App
Last Updated : Mar 28, 2019 03:22 PM IST | Source: Moneycontrol.com

Suzlon falls 2% after selling two subsidiaries

At 1511 hrs, Suzlon Energy was quoting Rs 6.53, down 1.8 percent on the BSE.

Shares of Suzlon Energy fell almost 3 percent intraday on March 28 after the renewable project developer completed the sale of two of its subsidiaries to CLP Wind Farms (India) Ltd (CLP).

The company in its BSE release said that it was selling the remaining stake in its subsidiaries Gale Solar Farms Limited (Gale) and SE Solar Limited (SE Solar) for consideration of Rs 22.54 crore and Rs 76.55 crore, respectively.

The Pune-based company also said that the turnover for Gale for FY18 was Rs 72 lakh, while SE Solar posted a turnover of Rs 54.43 crore.

Close
At 1511 hours, Suzlon Energy was quoting at Rs 6.53, down 1.8 percent on the BSE.

LIVE NOW... Video series on How to Double Your Monthly Income... where Rahul Shah, Ex-Swiss Investment Banker and one of India's leading experts on wealth building, reveals his secret strategies for the first time ever. Register here to watch it for FREE.
First Published on Mar 28, 2019 03:22 pm
Loading...
Follow us on
Available On