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Suzlon Energy inks SPA with Skeiron Renewable Energy

26 Dec 2017 Evaluate

Suzlon Energy has signed a Share Purchase Agreement (SPA) with Skeiron Renewable Energy for sale of its stake in Shanay Renewables and Saroja Renewables, subsidiaries of the company, to Skeiron Renewable Energy.

This is part of the trade practice of forming Special Purpose Vehicles (SPVs) for setting-up of wind turbine projects and selling them to the customers. The SPVs are having no assets and no liabilities.

Suzlon Group is one of the leading renewable energy solutions providers in the world with an international presence across 19 countries in Asia, Australia, Europe, Africa and North and South America.


Peers
Company Name CMP
Waaree Energies 2272.00
Apar Industries 15172.30
Havells India 1005.15
Suzlon Energy 36.95
Siemens 3339.15
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