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Suzlon Energy completes sale of stake in SE Solar, Gale Solarfarms

25 Mar 2019 Evaluate

Suzlon Energy has completed sale of securities of SE Solar and Gale Solarfarms held by the Company to CLP Wind Farms and accordingly SE Solar and Gale have ceased to be subsidiaries of the Company. The Company has sold its stake in SE Solar for a consideration of Rs 76.55 crore and the Company has sold its stake in Gale for a consideration of Rs 22.54 crore.

Suzlon Group is one of the leading renewable energy solutions providers in the world with an international presence across 18 countries in Asia, Australia, Europe, Africa and North and South America.

Peers
Company Name CMP
Waaree Energies 2300.00
Apar Industries 15700.35
Havells India 1012.75
Suzlon Energy 33.85
Siemens 3285.00
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