Suzlon Group has completed 100% stake sale of Senvion SE, a wholly owned subsidiary to Centerbridge Partners. The transaction closure follows the binding agreement signed with Centerbridge Partners on January 22, 2015 for a total cash consideration of 1 billion euro and future potential earn out of up to an additional 50 million euro.
The completion of the sale transaction has enabled Suzlon to raise approximately Rs 7,000 crore in cash, of which a substantial portion is intended to be utilized towards debt reduction and volume growth.
Suzlon Group’s sale of Senvion SE is aligned with the group’s strategy to reduce the debt and focus on the home market and high growth market like USA and emerging markets like China, Brazil, South Africa, Turkey and Mexico.
According to the agreement, Senvion will give Suzlon license for offshore technologies for the Indian market and Suzlon to give Senvion the S111-2.1 MW license for the USA market.
| Company Name | CMP |
|---|---|
| Havells India | 1230.25 |
| Siemens | 3604.70 |
| Apar Inds | 12844.45 |
| ABB India | 6382.45 |
| Waaree Energies | 3209.05 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: