Suzlon Energy, a wind power major has received its shareholders' approval for sale of its subsidiary Senvion to US-based private equity firm Centrebridge. The deal to sell Senvion was finalised in January for a billion Euros (about Rs 7200 crore).
Furthermore, the company has also received approval for issue of 100 crore equity shares on a preferential basis. The shareholders approval process was conducted through a postal ballot and all the proposed resolutions were approved by requisite majority.
Suzlon Energy is leader in wind energy in the India, which is world’s fifth largest wind energy market. Its business model has range of services that include development, manufacturing, marketing, EPC project delivery and operations and maintenance of wind turbine generators around the world.
